Boston Properties, Inc. (NYSE:BXP) Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. reduced its position in Boston Properties, Inc. (NYSE:BXP) by 8.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,556 shares of the real estate investment trust’s stock after selling 399 shares during the quarter. Carson Advisory Inc.’s holdings in Boston Properties were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its stake in shares of Boston Properties by 435.9% in the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 340 shares during the period. UMB Bank n.a. raised its holdings in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares during the period. Principal Securities Inc. purchased a new stake in Boston Properties in the 4th quarter valued at approximately $93,000. Finally, Sound Income Strategies LLC increased its position in Boston Properties by 198.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 949 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Trading Up 0.3 %

Shares of Boston Properties stock opened at $74.53 on Wednesday. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $75.73. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. The business has a 50 day moving average price of $69.37 and a 200 day moving average price of $64.51. The company has a market capitalization of $11.70 billion, a P/E ratio of 61.09, a P/E/G ratio of 0.35 and a beta of 1.18.

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

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 5.26%. Boston Properties’s dividend payout ratio is currently 321.31%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BXP. Truist Financial lifted their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Piper Sandler upped their price target on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Scotiabank increased their price target on shares of Boston Properties from $74.00 to $76.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Barclays dropped their target price 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. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $72.50.

Insider Transactions at Boston Properties

In related news, EVP Peter V. Otteni sold 4,785 shares of the company’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 transaction of $351,410.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Boston Properties Company 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.