Boston Properties, Inc. (NYSE:BXP) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 198.9% during the fourth quarter, Holdings Channel reports. The fund owned 149,156 shares of the real estate investment trust’s stock after acquiring an additional 99,248 shares during the period. Wealthfront Advisers LLC’s holdings in Boston Properties were worth $11,091,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BXP. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Boston Properties by 12.5% during 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 last quarter. Toronto Dominion Bank grew its holdings in shares of Boston Properties by 15.7% during the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 6,687 shares during the last quarter. Van ECK Associates Corp grew its holdings 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 during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after buying an additional 156 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction 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 owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Donna D. Garesche sold 2,143 shares of Boston Properties stock in a transaction on Wednesday, March 5th. The shares were 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. 1.35% of the stock is owned by corporate insiders.

Boston Properties Trading Down 3.7 %

Shares of BXP opened at $65.64 on Wednesday. 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 firm has a 50 day simple moving average of $70.98 and a 200-day simple moving average of $76.91. Boston Properties, Inc. has a 1-year low of $56.46 and a 1-year high of $90.11. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 656.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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%. Equities analysts forecast that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were paid a $0.98 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.97%. Boston Properties’s payout ratio is currently 3,920.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BXP shares. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Barclays increased their target price on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Piper Sandler decreased their target price on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Scotiabank reduced their price objective on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Truist Financial raised their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.08.

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.