River Global Investors LLP Sells 196 Shares of Boston Properties, Inc. (NYSE:BXP)

River Global Investors LLP trimmed its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,749 shares of the real estate investment trust’s stock after selling 196 shares during the quarter. River Global Investors LLP’s holdings in Boston Properties were worth $1,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Boston Properties during the fourth quarter worth approximately $29,000. Turtle Creek Wealth Advisors LLC bought a new stake in Boston Properties in the 4th quarter valued at $34,000. Sound Income Strategies LLC grew its holdings in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. Cambridge Trust Co. increased its position in Boston Properties by 80.1% during the 4th 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 during the period. Finally, Sentry Investment Management LLC acquired a new stake in shares of Boston Properties during the third quarter worth $47,000. 98.72% of the stock is owned by institutional investors.

Boston Properties Price Performance

Shares of Boston Properties stock traded up $0.71 during midday trading on Friday, hitting $60.78. 891,709 shares of the company traded hands, compared to its average volume of 1,251,863. The firm’s fifty day moving average price is $62.62 and its 200-day moving average price is $63.12. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 49.82 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 company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77.

Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share 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 company had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. During the same period in the previous year, the firm posted $1.73 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Boston Properties, Inc. will post 7.07 earnings per share for the current year.

Boston Properties Dividend Announcement

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

Insider Activity

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 shares were 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 SEC, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

BXP has been the topic of a number of recent research reports. Wedbush lowered their price target on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target for the company. BMO Capital Markets lowered their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Truist Financial dropped their price objective on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. Finally, Barclays reduced their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average price target of $69.47.

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.