Boston Properties, Inc. (NYSE:BXP) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its position in shares of Boston Properties, Inc. (NYSE:BXP) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,690 shares of the real estate investment trust’s stock after selling 2,950 shares during the quarter. Everence Capital Management Inc.’s holdings in Boston Properties were worth $349,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BXP. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Boston Properties by 212.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 386 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in 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 valued at $49,000 after acquiring an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties during the third quarter worth about $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 547 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Boston Properties in the second quarter valued at about $116,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Stock Performance

Shares of BXP stock opened at $71.98 on Tuesday. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. The company has a 50 day moving average price of $79.14 and a 200 day moving average price of $75.59. 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 2.01, a quick ratio of 5.51 and a current ratio of 5.51.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million during the quarter, compared to analysts’ expectations of $829.91 million. During the same period last year, the business posted $1.86 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Analyst Ratings Changes

Several brokerages recently issued reports on BXP. Jefferies Financial Group cut their price objective on Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Wedbush lowered Boston Properties from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $81.00 to $70.00 in a research note on Thursday, January 2nd. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $81.69.

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.