Knights of Columbus Asset Advisors LLC Sells 13,902 Shares of Boston Properties, Inc. (NYSE:BXP)

Knights of Columbus Asset Advisors LLC reduced its stake in Boston Properties, Inc. (NYSE:BXP) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,938 shares of the real estate investment trust’s stock after selling 13,902 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Boston Properties were worth $8,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd raised its position in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group bought a new stake in Boston Properties during the 3rd quarter valued at approximately $58,000. Sound Income Strategies LLC boosted its position in shares of Boston Properties by 18.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 590 shares in 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 during the last quarter. Finally, E. Ohman J or Asset Management AB lifted its position in 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 valued at $491,000 after acquiring an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on BXP. Wells Fargo & Company lowered their price target on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Jefferies Financial Group began coverage on Boston Properties in a research report on Monday, March 17th. They set a “buy” rating and a $78.00 target price on the stock. Mizuho lowered their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wedbush cut Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Finally, Piper Sandler cut their price objective on Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Boston Properties has a consensus rating of “Hold” and an average target price of $80.85.

Boston Properties Stock Performance

Shares of BXP stock opened at $68.50 on Friday. The company has a market capitalization of $10.84 billion, a P/E ratio of 685.07, a P/E/G ratio of 0.91 and a beta of 1.19. The business’s 50 day moving average is $70.28 and its two-hundred day moving average is $76.48. Boston Properties, Inc. has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09.

Boston Properties (NYSE:BXP) last posted its earnings results 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%. Analysts expect that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.98 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.72%. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.00%.

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.