Boston Properties, Inc. (NYSE:BXP) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its holdings in Boston Properties, Inc. (NYSE:BXP) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,954 shares of the real estate investment trust’s stock after selling 747 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Boston Properties were worth $488,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Boston Properties during the 4th quarter worth approximately $29,000. Manchester Capital Management LLC raised its position in Boston Properties by 435.9% during the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 340 shares during the period. Sound Income Strategies LLC lifted its holdings in 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 $34,000. Finally, Cambridge Trust Co. grew its position in shares of Boston Properties by 80.1% in the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Price Performance

BXP stock opened at $59.76 on Friday. Boston Properties, Inc. has a 52-week low of $46.80 and a 52-week high of $73.97. The business has a fifty day moving average of $62.04 and a two-hundred day moving average of $63.78. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 48.98, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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 analyst estimates of $808.68 million. During the same period in the previous year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Boston Properties, Inc. will post 7.05 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 annualized dividend and a dividend yield of 6.56%. Boston Properties’s dividend payout ratio is currently 321.31%.

Insider Buying and Selling

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 at this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BXP. Barclays decreased their price target on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets lowered their target price 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 for the company. Finally, Truist Financial decreased their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $69.53.

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.