Whittier Trust Co. Acquires 10,429 Shares of Boston Properties, Inc. (NYSE:BXP)

Whittier Trust Co. lifted its stake in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 306,783 shares of the real estate investment trust's stock after purchasing an additional 10,429 shares during the period. Whittier Trust Co. owned approximately 0.19% of Boston Properties worth $22,812,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC increased its position in 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 worth $12,679,000 after purchasing an additional 18,900 shares during the period. Toronto Dominion Bank boosted its stake in shares of Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust's stock valued at $3,966,000 after purchasing an additional 6,687 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock worth $11,091,000 after buying an additional 99,248 shares during the period. Cibc World Markets Corp raised its stake in shares of Boston Properties by 12.2% during the fourth quarter. Cibc World Markets Corp now owns 65,481 shares of the real estate investment trust's stock worth $4,869,000 after buying an additional 7,100 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Boston Properties during the fourth quarter worth approximately $8,994,000. Institutional investors own 98.72% of the company's stock.

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Boston Properties Stock Up 1.7 %

BXP stock traded up $1.14 during mid-day trading on Monday, reaching $69.48. The company had a trading volume of 1,555,377 shares, compared to its average volume of 1,179,620. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 694.89, a PEG ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. The stock has a 50 day simple moving average of $70.28 and a two-hundred day simple moving average of $76.47.

Boston Properties (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share 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%. As a group, equities analysts predict that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Monday, March 31st. Boston Properties's payout ratio is currently 3,920.00%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BXP. Barclays reduced 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 research note on Friday, March 14th. Scotiabank decreased their price objective on 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. Jefferies Financial Group started coverage on Boston Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $78.00 target price on the stock. Wedbush lowered Boston Properties from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Finally, Mizuho lowered their price target on Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.