Bruce G. Allen Investments LLC Purchases Shares of 931 Boston Properties, Inc. (NYSE:BXP)

Bruce G. Allen Investments LLC acquired a new position in shares of Boston Properties, Inc. (NYSE:BXPFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 931 shares of the real estate investment trust’s stock, valued at approximately $65,000.

Other large investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new position in Boston Properties during the 3rd quarter worth $904,000. Natixis increased its position in shares of Boston Properties by 48.9% in the second quarter. Natixis now owns 8,079 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 2,653 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Boston Properties by 12.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 221,845 shares of the real estate investment trust’s stock worth $13,195,000 after purchasing an additional 23,795 shares during the period. abrdn plc increased its position in shares of Boston Properties by 8.2% in the third quarter. abrdn plc now owns 684,970 shares of the real estate investment trust’s stock worth $40,742,000 after purchasing an additional 51,926 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Boston Properties in the third quarter worth $565,000. Institutional investors own 94.58% of the company’s stock.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.09% of the company’s stock.

Boston Properties Price Performance

Boston Properties stock opened at $63.02 on Wednesday. The stock’s 50 day moving average is $66.10 and its 200 day moving average is $62.79. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40. The firm has a market cap of $9.89 billion, a P/E ratio of 52.08 and a beta of 1.15. Boston Properties, Inc. has a one year low of $46.18 and a one year high of $73.97.

Boston Properties (NYSE:BXPGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). The company had revenue of $828.90 million during the quarter, compared to analyst estimates of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. Boston Properties’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. As a group, research analysts expect that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 323.97%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. Truist Financial decreased their target price on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Barclays lifted their target price on Boston Properties from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Finally, Piper Sandler lifted their target price on Boston Properties from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.63.

Check Out Our Latest Research Report on BXP

Boston Properties Company Profile

(Free Report)

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

See Also

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXPFree Report).

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.