Blue Trust Inc. Buys 2,138 Shares of Boston Properties, Inc. (NYSE:BXP)

Blue Trust Inc. grew its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 60.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,669 shares of the real estate investment trust’s stock after buying an additional 2,138 shares during the quarter. Blue Trust Inc.’s holdings in Boston Properties were worth $456,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BXP. Park Avenue Securities LLC grew its position in Boston Properties by 4.7% during the 1st quarter. Park Avenue Securities LLC now owns 8,235 shares of the real estate investment trust’s stock worth $538,000 after acquiring an additional 366 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Boston Properties by 198.1% in the first quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 949 shares during the period. Vert Asset Management LLC raised its holdings in Boston Properties by 4.8% in the 1st quarter. Vert Asset Management LLC now owns 61,766 shares of the real estate investment trust’s stock valued at $4,034,000 after buying an additional 2,822 shares during the last quarter. O ROURKE & COMPANY Inc acquired a new stake in Boston Properties during the 1st quarter worth approximately $291,000. Finally, Norden Group LLC bought a new stake in Boston Properties during the 1st quarter worth approximately $287,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Boston Properties Stock Down 0.1 %

Shares of NYSE BXP opened at $86.82 on Wednesday. Boston Properties, Inc. has a 12-month low of $50.64 and a 12-month high of $90.11. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The firm has a market cap of $13.64 billion, a PE ratio of 71.16, a P/E/G ratio of 0.56 and a beta of 1.18. The company’s fifty day simple moving average is $78.52 and its 200 day simple moving average is $68.44.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. As a group, sell-side analysts forecast that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Monday, September 30th. Boston Properties’s dividend payout ratio is currently 321.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BXP. Evercore ISI lifted their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Piper Sandler upped their price target on Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Truist Financial raised their price objective on Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Scotiabank upped their target price on Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company raised their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.45.

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.