Boston Properties, Inc. (NYSE:BXP) Stock Position Raised by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Boston Properties, Inc. (NYSE:BXP) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,444 shares of the real estate investment trust’s stock after purchasing an additional 1,169 shares during the quarter. Van ECK Associates Corp’s holdings in Boston Properties were worth $5,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its position in Boston Properties by 60.5% in the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 2,138 shares during the last quarter. Raymond James & Associates grew its position in Boston Properties by 11.9% during the third quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust’s stock worth $8,898,000 after buying an additional 11,752 shares in the last quarter. Sun Life Financial Inc. bought a new stake in shares of Boston Properties in the 3rd quarter worth approximately $9,674,000. Crossmark Global Holdings Inc. boosted its position in shares of Boston Properties by 9.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 763 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BXP. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Truist Financial raised their price target on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Barclays upped their price objective on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Mizuho decreased their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Boston Properties Price Performance

Boston Properties stock opened at $71.15 on Wednesday. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 711.61, a PEG ratio of 0.95 and a beta of 1.18. The stock’s 50 day moving average is $73.57 and its 200-day moving average is $76.95.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities research analysts expect that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a $0.98 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.51%. Boston Properties’s dividend payout ratio is currently 3,920.00%.

Insiders Place Their Bets

In related news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction on 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 $523,657.42. This trade represents a 63.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.