Boston Properties, Inc. (NYSE:BXP) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in Boston Properties, Inc. (NYSE:BXP - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 144,123 shares of the real estate investment trust's stock after buying an additional 10,252 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.09% of Boston Properties worth $10,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. raised its stake in shares of Boston Properties by 3.5% in the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after acquiring an additional 10,429 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its holdings in Boston Properties by 12.5% in the 4th 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 in the last quarter. Wealthfront Advisers LLC increased its holdings in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Boston Properties in the fourth quarter valued at about $8,994,000. Finally, Van ECK Associates Corp lifted its stake in shares of Boston Properties by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust's stock worth $5,238,000 after purchasing an additional 1,169 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Boston Properties Stock Down 1.3 %

Boston Properties stock traded down $0.89 during midday trading on Tuesday, hitting $68.59. The stock had a trading volume of 1,139,135 shares, compared to its average volume of 1,179,513. The business has a fifty day moving average price of $70.28 and a 200 day moving average price of $76.47. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The stock has a market cap of $10.85 billion, a P/E ratio of 685.97, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09.

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

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.98 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.72%. Boston Properties's payout ratio is currently 3,920.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Wedbush lowered shares of Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. Scotiabank decreased their target price on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Mizuho dropped their price target on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on shares of Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $80.85.

Insider Activity

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

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.