Whittier Trust Co. Raises Holdings in Boston Properties, Inc. (NYSE:BXP)

Whittier Trust Co. increased its position in Boston Properties, Inc. (NYSE:BXP) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,783 shares of the real estate investment trust’s stock after buying an additional 10,429 shares during the period. Whittier Trust Co. owned 0.19% of Boston Properties worth $22,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its holdings in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 603 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Boston Properties during the third quarter valued at $58,000. Sound Income Strategies LLC lifted its position in Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 590 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Boston Properties by 25.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 1,112 shares in the last quarter. Finally, E. Ohman J or Asset Management AB increased its holdings in shares of Boston Properties by 32.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 1,600 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BXP shares. Wells Fargo & Company lowered their price target on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Truist Financial raised their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Mizuho cut their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Boston Properties in a research report on Monday. They issued a “buy” rating and a $78.00 price target for the company. Finally, Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.85.

Insider Transactions at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

Shares of BXP stock opened at $68.84 on Thursday. The company has a market capitalization of $10.89 billion, a P/E ratio of 688.46, a P/E/G ratio of 0.91 and a beta of 1.19. The company’s 50-day simple moving average is $70.30 and its two-hundred day simple moving average is $76.58. Boston Properties, Inc. has a one year low of $56.46 and a one year high of $90.11. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Boston Properties, Inc. will post 6.91 EPS for the current year.

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.