Signaturefd LLC Has $460,000 Stake in Boston Properties, Inc. (NYSE:BXP)

Signaturefd LLC trimmed its holdings in Boston Properties, Inc. (NYSE:BXP) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,556 shares of the real estate investment trust’s stock after selling 353 shares during the period. Signaturefd LLC’s holdings in Boston Properties were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BXP. AE Wealth Management LLC acquired a new position in Boston Properties during the third quarter valued at approximately $277,000. HB Wealth Management LLC acquired a new position in Boston Properties during the third quarter valued at approximately $229,000. Park Place Capital Corp raised its position in Boston Properties by 15.4% during the third quarter. Park Place Capital Corp now owns 1,355 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 181 shares in the last quarter. Caprock Group LLC raised its position in Boston Properties by 6.4% during the third 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 in the last quarter. Finally, Oak Thistle LLC acquired a new position in Boston Properties during the third quarter valued at approximately $416,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the company’s 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 document filed with the SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $80.00 in a research note on Tuesday, January 2nd. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. 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 research note on Tuesday, March 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Boston Properties currently has an average rating of “Hold” and an average target price of $69.44.

Boston Properties Stock Performance

Shares of BXP opened at $62.94 on Thursday. 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 stock has a market capitalization of $9.88 billion, a P/E ratio of 52.02 and a beta of 1.15. The firm’s fifty day simple moving average is $63.33 and its two-hundred day simple moving average is $62.83. Boston Properties, Inc. has a 12 month low of $46.80 and a 12 month high of $73.97.

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

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given 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 yield of 6.23%. Boston Properties’s dividend payout ratio (DPR) is currently 323.97%.

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.