Carson Advisory Inc. Has $341,000 Position in Boston Properties, Inc. (NYSE:BXP)

Carson Advisory Inc. increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,853 shares of the real estate investment trust’s stock after buying an additional 202 shares during the period. Carson Advisory Inc.’s holdings in Boston Properties were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Boston Properties in the 4th quarter valued at $29,000. Turtle Creek Wealth Advisors LLC purchased a new position in Boston Properties during the 4th quarter worth $34,000. Sound Income Strategies LLC boosted its holdings 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 acquiring an additional 424 shares during the last quarter. Cambridge Trust Co. boosted its holdings 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 acquiring an additional 250 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Boston Properties in the 3rd quarter worth about $47,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Truist Financial cut their target price on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 5th. Wedbush dropped their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays decreased their price objective on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. Finally, BMO Capital Markets reduced their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.47.

Insider Buying and Selling at Boston Properties

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is currently owned by insiders.

Boston Properties Stock Performance

BXP traded up $0.82 on Thursday, hitting $60.07. 1,254,043 shares of the company traded hands, compared to its average volume of 1,430,829. The company has a 50 day moving average of $62.81 and a 200-day moving average of $63.04. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $9.43 billion, a PE ratio of 48.84 and a beta of 1.15. Boston Properties, Inc. has a 12-month low of $46.80 and a 12-month high of $73.97.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Wednesday, May 1st. 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 2.35% and a net margin of 5.81%. The business had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. During the same quarter last year, the business earned $1.73 EPS. Boston Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Boston Properties, Inc. will post 7.12 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.98 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a yield of 6.53%. Boston Properties’s payout ratio is currently 321.31%.

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.