Cbre Clarion Securities LLC Sells 3,235 Shares of Boston Properties, Inc. (NYSE:BXP)

Cbre Clarion Securities LLC decreased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,040 shares of the real estate investment trust’s stock after selling 3,235 shares during the quarter. Cbre Clarion Securities LLC owned approximately 0.09% of Boston Properties worth $13,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXP. First Trust Advisors LP boosted its holdings in shares of Boston Properties by 69.2% during the 4th quarter. First Trust Advisors LP now owns 118,915 shares of the real estate investment trust’s stock valued at $11,241,000 after acquiring an additional 48,636 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Boston Properties by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 380,283 shares of the real estate investment trust’s stock valued at $35,948,000 after acquiring an additional 19,523 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Boston Properties by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 59,431 shares of the real estate investment trust’s stock valued at $5,618,000 after acquiring an additional 200 shares in the last quarter. JLP Asset Management LLC boosted its holdings in shares of Boston Properties by 126.7% during the 4th quarter. JLP Asset Management LLC now owns 37,040 shares of the real estate investment trust’s stock valued at $3,501,000 after acquiring an additional 20,700 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Boston Properties during the 4th quarter valued at $255,000. 85.93% of the stock is currently owned by institutional investors.

Boston Properties stock traded down $0.19 during midday trading on Friday, reaching $122.50. The stock had a trading volume of 16,496 shares, compared to its average volume of 1,143,315. Boston Properties, Inc. has a 12 month low of $69.69 and a 12 month high of $123.72. The company has a market cap of $19.12 billion, a P/E ratio of 41.87, a P/E/G ratio of 3.30 and a beta of 1.23. The business has a fifty day moving average price of $110.41. The company has a debt-to-equity ratio of 1.57, a current ratio of 6.64 and a quick ratio of 6.64.

Boston Properties (NYSE:BXP) last issued its earnings results on Monday, April 26th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Boston Properties had a return on equity of 5.74% and a net margin of 17.32%. The business had revenue of $713.70 million during the quarter, compared to analyst estimates of $679.79 million. During the same period in the previous year, the company posted $3.20 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Boston Properties, Inc. will post 6.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Wednesday, March 31st were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, March 30th. Boston Properties’s payout ratio is 62.32%.

Several research analysts have commented on BXP shares. Deutsche Bank Aktiengesellschaft lifted their target price on Boston Properties from $103.00 to $107.00 and gave the stock a “hold” rating in a report on Monday, April 19th. Mizuho lifted their target price on Boston Properties from $86.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, April 14th. The Goldman Sachs Group started coverage on Boston Properties in a report on Tuesday, May 25th. They set a “sell” rating and a $106.00 target price on the stock. Truist Securities reaffirmed a “hold” rating and set a $109.00 target price on shares of Boston Properties in a report on Monday, March 22nd. Finally, Argus lifted their target price on Boston Properties from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $102.73.

In other Boston Properties news, EVP Raymond A. Ritchey sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 24th. The stock was sold at an average price of $115.05, for a total transaction of $4,602,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,150,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond A. Ritchey sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $105.20, for a total value of $526,000.00. Following the sale, the executive vice president now directly owns 55,000 shares of the company’s stock, valued at $5,786,000. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $6,233,500 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Boston Properties Profile

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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