New York Life Investment Management LLC Purchases 1,010 Shares of Boston Properties, Inc. (NYSE:BXP)

New York Life Investment Management LLC grew its position in Boston Properties, Inc. (NYSE:BXP) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,431 shares of the real estate investment trust’s stock after buying an additional 1,010 shares during the quarter. New York Life Investment Management LLC’s holdings in Boston Properties were worth $2,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BXP. McGlone Suttner Wealth Management Inc. bought a new position in Boston Properties during the 4th quarter worth about $29,000. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 770.9% during the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Boston Properties during the fourth quarter valued at approximately $34,000. Cambridge Trust Co. raised its stake in Boston Properties by 80.1% in the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 250 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Boston Properties during the third quarter worth $47,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BXP shares. Truist Financial cut their price target on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 5th. BMO Capital Markets reduced their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $74.00 price objective for the company. Finally, Wedbush lowered their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and an average price target of $69.47.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.35% of the stock is owned by corporate insiders.

Boston Properties Stock Up 1.2 %

Shares of BXP stock opened at $60.78 on Monday. Boston Properties, Inc. has a fifty-two week low of $46.80 and a fifty-two week high of $73.97. The firm has a market capitalization of $9.55 billion, a PE ratio of 49.82 and a beta of 1.15. The company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77. The stock’s 50-day simple moving average is $62.62 and its 200-day simple moving average is $63.12.

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

Boston Properties Dividend Announcement

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

Boston Properties Company 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.