Altrius Capital Management Inc Boosts Position in Boston Properties, Inc. (NYSE:BXP)

Altrius Capital Management Inc boosted its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,698 shares of the real estate investment trust’s stock after buying an additional 7,151 shares during the quarter. Altrius Capital Management Inc’s holdings in Boston Properties were worth $4,229,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its stake in shares of Boston Properties by 29.8% during the first quarter. Earnest Partners LLC now owns 2,094,625 shares of the real estate investment trust’s stock valued at $136,800,000 after acquiring an additional 480,961 shares in the last quarter. Centersquare Investment Management LLC raised its position in Boston Properties by 30.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock valued at $139,407,000 after purchasing an additional 468,950 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Boston Properties by 206.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 508,961 shares of the real estate investment trust’s stock worth $33,240,000 after buying an additional 342,939 shares during the period. Sei Investments Co. grew its position in shares of Boston Properties by 42.2% during the 1st quarter. Sei Investments Co. now owns 1,131,741 shares of the real estate investment trust’s stock worth $73,914,000 after buying an additional 335,686 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Boston Properties during the fourth quarter valued at $18,828,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Truist Financial increased their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Wedbush boosted their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Piper Sandler increased their target price on Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Barclays reduced their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.08.

Boston Properties Stock Up 1.1 %

Boston Properties stock opened at $81.29 on Thursday. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $83.38. The business has a fifty day moving average price of $71.59 and a 200-day moving average price of $65.14. 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 stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 66.63, a PEG ratio of 0.35 and a beta of 1.18.

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

Boston Properties Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 4.82%. Boston Properties’s payout ratio is 321.31%.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction dated 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. Corporate insiders own 1.35% of the company’s stock.

About Boston Properties

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.