1,772 Shares in Boston Properties, Inc. (NYSE:BXP) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Boston Properties, Inc. (NYSE:BXP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,772 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC acquired a new position in Boston Properties in the 3rd quarter valued at about $277,000. Caprock Group LLC boosted its holdings in Boston Properties by 6.4% in the 3rd quarter. Caprock Group LLC now owns 4,367 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 263 shares during the last quarter. Oak Thistle LLC acquired a new position in Boston Properties in the 3rd quarter valued at about $416,000. Czech National Bank boosted its holdings in Boston Properties by 49.3% in the 3rd quarter. Czech National Bank now owns 25,223 shares of the real estate investment trust’s stock valued at $1,500,000 after purchasing an additional 8,328 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Boston Properties by 26.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,000 shares of the real estate investment trust’s stock valued at $1,606,000 after purchasing an additional 5,700 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Performance

NYSE:BXP opened at $61.51 on Monday. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The firm has a 50-day moving average price of $63.12 and a two-hundred day moving average price of $62.97. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97. The company has a market capitalization of $9.66 billion, a P/E ratio of 50.83 and a beta of 1.15.

Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The business had revenue of $828.90 million for the quarter, compared to analysts’ expectations of $811.59 million. During the same quarter last year, the business posted $1.86 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts expect that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.37%. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $57.00 to $80.00 in a report on Tuesday, January 2nd. Barclays decreased their price objective on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price on the stock. Finally, BMO Capital Markets cut their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average target price of $69.44.

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.