Robeco Institutional Asset Management B.V. Trims Stock Position in Boston Properties, Inc. (NYSE:BXP)

Robeco Institutional Asset Management B.V. decreased its holdings in Boston Properties, Inc. (NYSE:BXP) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,047 shares of the real estate investment trust’s stock after selling 95,467 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Boston Properties worth $144,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Boston Properties during the 4th quarter valued at $29,000. Sound Income Strategies LLC increased its position in Boston Properties by 770.9% in the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Boston Properties in the fourth quarter worth about $34,000. Cambridge Trust Co. lifted its position in shares of Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 250 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Boston Properties in the 3rd quarter worth approximately $47,000. 98.72% of the stock is currently owned by institutional investors.

Boston Properties Stock Performance

Shares of NYSE:BXP opened at $59.31 on Friday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 48.61, a PEG ratio of 0.41 and a beta of 1.15. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97. The firm’s 50-day moving average is $61.98 and its 200 day moving average is $63.85.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $808.68 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts predict that Boston Properties, Inc. will post 7.05 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 6.61%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio is presently 321.31%.

Insider Activity at Boston Properties

In related 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 Securities & Exchange Commission, which is available at this hyperlink. 1.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays dropped their price target on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price objective on the stock. BMO Capital Markets cut their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Evercore ISI lowered their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Finally, Truist Financial cut 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. 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. According to MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $69.47.

About Boston Properties

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.