International Assets Investment Management LLC Purchases New Stake in Boston Properties, Inc. (NYSE:BXP)

International Assets Investment Management LLC purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,525 shares of the real estate investment trust’s stock, valued at approximately $15,810,000.

A number of other large investors have also added to or reduced their stakes in BXP. Bank of New York Mellon Corp grew its stake in shares of Boston Properties by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,358,781 shares of the real estate investment trust’s stock worth $80,820,000 after purchasing an additional 55,209 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Boston Properties in the 3rd quarter worth approximately $67,000. New York State Teachers Retirement System increased its stake in shares of Boston Properties by 2.8% during the third quarter. New York State Teachers Retirement System now owns 156,664 shares of the real estate investment trust’s stock valued at $9,318,000 after buying an additional 4,290 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Boston Properties by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,366 shares of the real estate investment trust’s stock valued at $9,182,000 after acquiring an additional 18,724 shares in the last quarter. Finally, Strs Ohio lifted its stake in Boston Properties by 83.6% in the third quarter. Strs Ohio now owns 433,372 shares of the real estate investment trust’s stock worth $25,776,000 after acquiring an additional 197,300 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was 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 is available at this link. Company insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

BXP has been the topic of a number of research analyst reports. Truist Financial reduced their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Wedbush reduced their price target on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target for the company. Barclays cut their price objective on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. Finally, StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.47.

Boston Properties Price Performance

Shares of NYSE:BXP opened at $60.78 on Friday. The company has a market capitalization of $9.55 billion, a PE ratio of 49.82 and a beta of 1.15. The business has a fifty day moving average price of $62.62 and a 200-day moving average price of $63.04. Boston Properties, Inc. has a 1-year low of $46.80 and a 1-year high of $73.97. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 5.40.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 earnings per share. As a group, equities analysts expect that Boston Properties, Inc. will post 7.07 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a $0.98 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.45%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

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.