Altrius Capital Management Inc Boosts Holdings in Boston Properties, Inc. (NYSE:BXP)

Altrius Capital Management Inc boosted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,218 shares of the real estate investment trust’s stock after purchasing an additional 1,526 shares during the period. Altrius Capital Management Inc’s holdings in Boston Properties were worth $3,875,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. purchased a new position in Boston Properties during the 4th quarter worth $29,000. Sound Income Strategies LLC grew its position in Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 424 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Boston Properties during the 4th quarter worth $34,000. Cambridge Trust Co. grew its position in Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in Boston Properties during the 3rd quarter worth $47,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Stock Up 2.2 %

Shares of NYSE BXP traded up $1.33 during trading on Monday, reaching $62.84. 908,409 shares of the stock were exchanged, compared to its average volume of 1,423,906. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 50.84 and a beta of 1.15. The business’s 50-day moving average price is $63.12 and its 200 day moving average price is $62.97. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97.

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

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.24%. Boston Properties’s dividend payout ratio is presently 323.97%.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. BMO Capital Markets dropped their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Truist Financial dropped their target price on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $74.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.44.

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.