Boston Properties, Inc. (NYSE:BXP) Shares Acquired by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC raised its stake in Boston Properties, Inc. (NYSE:BXP) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,504 shares of the real estate investment trust’s stock after buying an additional 18,900 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.11% of Boston Properties worth $12,679,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its stake in shares of Boston Properties by 19.8% in the 4th quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Boston Properties by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 156 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Boston Properties by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 590 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Boston Properties by 5,025.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in Boston Properties by 25.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 1,112 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on BXP shares. Mizuho dropped their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Truist Financial increased their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Scotiabank dropped their price target on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, UBS Group raised their price target on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.08.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the sale, the executive vice president now owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by company insiders.

Boston Properties Price Performance

Shares of NYSE:BXP opened at $67.17 on Wednesday. The company has a market cap of $10.62 billion, a P/E ratio of 671.73, a P/E/G ratio of 0.91 and a beta of 1.18. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The business has a fifty day simple moving average of $71.74 and a 200-day simple moving average of $77.05.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities research analysts forecast that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.00%.

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.