Yousif Capital Management LLC Decreases Stock Holdings in Boston Properties, Inc. (NYSE:BXP)

Yousif Capital Management LLC decreased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,140 shares of the real estate investment trust’s stock after selling 659 shares during the period. Yousif Capital Management LLC’s holdings in Boston Properties were worth $1,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BXP. Allspring Global Investments Holdings LLC raised its stake in shares of Boston Properties by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,376,763 shares of the real estate investment trust’s stock valued at $260,330,000 after acquiring an additional 174,409 shares during the period. Senvest Management LLC raised its stake in shares of Boston Properties by 6.3% in the third quarter. Senvest Management LLC now owns 3,035,887 shares of the real estate investment trust’s stock valued at $180,575,000 after acquiring an additional 179,547 shares during the period. Northern Trust Corp raised its stake in shares of Boston Properties by 9.6% in the third quarter. Northern Trust Corp now owns 2,780,809 shares of the real estate investment trust’s stock valued at $165,403,000 after acquiring an additional 243,246 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Boston Properties by 27.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,986,269 shares of the real estate investment trust’s stock valued at $118,143,000 after acquiring an additional 429,587 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Boston Properties by 86.2% in the third quarter. Ameriprise Financial Inc. now owns 1,957,055 shares of the real estate investment trust’s stock valued at $112,977,000 after acquiring an additional 906,069 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BXP. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Barclays reduced their target price on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. BMO Capital Markets reduced 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. Finally, Truist Financial cut their price target 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. One 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 stock. According to data from MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $69.40.

Boston Properties Stock Down 4.3 %

Shares of Boston Properties stock opened at $59.25 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40. Boston Properties, Inc. has a 1 year low of $46.80 and a 1 year high of $73.97. The firm’s 50-day moving average is $62.81 and its two-hundred day moving average is $63.04. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 48.97 and a beta of 1.15.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The business had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. 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 was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend was Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 323.97%.

Insider Activity

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.35% of the company’s stock.

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.