Centaurus Financial Inc. Takes $127,000 Position in Boston Properties, Inc. (NYSE:BXP)

Centaurus Financial Inc. purchased a new stake in Boston Properties, Inc. (NYSE:BXP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,813 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Other large investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its holdings in Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 340 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Boston Properties during the 4th quarter valued at about $29,000. Turtle Creek Wealth Advisors LLC purchased a new position in Boston Properties during the 4th quarter valued at about $34,000. Sound Income Strategies LLC increased its holdings in Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 424 shares in the last quarter. Finally, Cambridge Trust Co. grew its holdings in shares of Boston Properties by 80.1% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BXP shares. Wedbush lowered their price target on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Truist Financial lowered their price target on shares of Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a report on Friday, June 14th. Barclays lowered 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 report on Friday, May 24th. Finally, BMO Capital Markets lowered their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.93.

Boston Properties Trading Up 1.0 %

Shares of BXP stock opened at $62.05 on Thursday. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 50.86, 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, Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $73.97. The firm’s 50 day moving average price is $60.80 and its two-hundred day moving average price is $64.47.

Boston Properties (NYSE:BXP) last announced its quarterly 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). The business had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. On average, analysts anticipate that Boston Properties, Inc. will post 7.05 EPS for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.32%. Boston Properties’s dividend payout ratio is currently 321.31%.

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.