1,620 Shares in Boston Properties, Inc. (NYSE:BXP) Purchased by CVA Family Office LLC

CVA Family Office LLC bought a new position in Boston Properties, Inc. (NYSE:BXPFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,620 shares of the real estate investment trust’s stock, valued at approximately $114,000.

Several other large investors have also bought and sold shares of BXP. Raymond James Financial Services Advisors Inc. raised its holdings in Boston Properties by 17.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,714 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 396 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Boston Properties in the first quarter worth about $214,000. Private Advisor Group LLC purchased a new position in Boston Properties in the first quarter worth about $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Boston Properties by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock worth $2,450,000 after buying an additional 1,178 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in Boston Properties by 38.8% in the first quarter. APG Asset Management N.V. now owns 11,448 shares of the real estate investment trust’s stock worth $1,325,000 after buying an additional 3,200 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is owned by company insiders.

Boston Properties Stock Performance

BXP opened at $62.89 on Tuesday. The firm has a market cap of $9.87 billion, a P/E ratio of 51.98 and a beta of 1.15. Boston Properties, Inc. has a 1-year low of $46.80 and a 1-year high of $73.97. The company has a 50 day simple moving average of $65.74 and a two-hundred day simple moving average of $62.75. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40.

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

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.23%. Boston Properties’s dividend payout ratio is 323.97%.

Analysts Set New Price Targets

BXP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 target price for the company. Barclays boosted their price objective on shares of Boston Properties from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Truist Financial decreased their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $57.00 to $80.00 in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.63.

Check Out Our Latest Stock Analysis on BXP

About Boston Properties

(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.

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

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