Boston Properties, Inc. (NYSE:BXP) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its holdings in Boston Properties, Inc. (NYSE:BXP - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,938 shares of the real estate investment trust's stock after selling 13,902 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.07% of Boston Properties worth $8,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BXP. Raymond James Financial Inc. acquired a new position in shares of Boston Properties in the 4th quarter valued at $8,994,000. Wealthfront Advisers LLC raised its stake in shares of Boston Properties by 198.9% in the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock valued at $11,091,000 after purchasing an additional 99,248 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Boston Properties by 12.5% in the fourth 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 during the last quarter. Whittier Trust Co. grew its position in Boston Properties by 3.5% in the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after purchasing an additional 10,429 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Boston Properties by 7.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust's stock worth $10,717,000 after purchasing an additional 10,252 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

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Insider Transactions at Boston Properties

In other news, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now owns 7,271 shares of the company's stock, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.35% of the company's stock.

Boston Properties Stock Performance

NYSE:BXP traded up $0.43 during mid-day trading on Wednesday, hitting $68.94. 1,106,650 shares of the company traded hands, compared to its average volume of 1,174,062. The stock's fifty day moving average price is $70.24 and its 200-day moving average price is $76.43. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. Boston Properties, Inc. has a one year low of $56.46 and a one year high of $90.11. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 689.42, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

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

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.98 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.92 annualized dividend and a yield of 5.69%. Boston Properties's dividend payout ratio (DPR) is presently 3,920.00%.

Analyst Upgrades and Downgrades

BXP has been the topic of several research reports. Barclays decreased their price objective on shares of Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Wedbush downgraded Boston Properties from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Mizuho lowered their price objective on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Piper Sandler lowered their target price on Boston Properties from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Truist Financial increased their price target on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $80.85.

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.