Tredje AP fonden Sells 11,973 Shares of Boston Properties, Inc. (NYSE:BXP)

Tredje AP fonden cut its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,973 shares of the real estate investment trust’s stock after selling 11,973 shares during the quarter. Tredje AP fonden’s holdings in Boston Properties were worth $890,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC raised its position in Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after purchasing an additional 18,900 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after acquiring an additional 6,687 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after acquiring an additional 99,248 shares in the last quarter. Van ECK Associates Corp grew its holdings in Boston Properties by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position 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 valued at $650,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BXP. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Piper Sandler reduced their price target on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Scotiabank decreased their price objective on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Truist Financial lifted their target price on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Barclays decreased their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $81.31.

Insider Buying and Selling

In related news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the transaction, the executive vice president now owns 7,271 shares of the company’s stock, valued at $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Boston Properties Stock Up 2.5 %

BXP stock opened at $65.55 on Friday. The stock has a market capitalization of $10.37 billion, a PE ratio of 655.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The firm has a 50 day moving average of $70.43 and a 200 day moving average of $76.71.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Sell-side analysts forecast that Boston Properties, Inc. will post 6.91 earnings per share for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s payout ratio is 3,920.00%.

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.