Xponance Inc. Has $1.36 Million Holdings in Boston Properties, Inc. (NYSE:BXP)

Xponance Inc. cut its position in Boston Properties, Inc. (NYSE:BXP) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,389 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. Xponance Inc.’s holdings in Boston Properties were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Boston Properties during the fourth quarter valued at approximately $15,810,000. Dark Forest Capital Management LP bought a new stake in shares of Boston Properties during the 3rd quarter worth $904,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in 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 valued at $13,195,000 after buying an additional 23,795 shares in the last quarter. Whittier Trust Co. grew its position in Boston Properties by 345.4% in the fourth quarter. Whittier Trust Co. now owns 176,741 shares of the real estate investment trust’s stock valued at $12,401,000 after acquiring an additional 137,058 shares during the last quarter. Finally, abrdn plc grew its position in Boston Properties by 8.2% in the third quarter. abrdn plc now owns 684,970 shares of the real estate investment trust’s stock valued at $40,742,000 after acquiring an additional 51,926 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BXP. BMO Capital Markets reduced their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 target price on the stock. Truist Financial lowered their price target 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. Jefferies Financial Group raised Boston Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $57.00 to $80.00 in a report on Tuesday, January 2nd. Finally, Barclays lowered their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. One research 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. According to MarketBeat, Boston Properties presently has an average rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by insiders.

Boston Properties Stock Performance

Shares of BXP opened at $62.94 on Thursday. The firm’s fifty day simple moving average is $63.33 and its two-hundred day simple moving average is $62.83. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $9.88 billion, a P/E ratio of 52.02 and a beta of 1.15.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The business had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. During the same quarter in the previous year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts predict that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

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 of this dividend is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.23%. Boston Properties’s payout ratio is presently 323.97%.

Boston Properties Profile

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.