Boston Properties, Inc. (NYSE:BXP) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,690 shares of the real estate investment trust’s stock after purchasing an additional 6,324 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of Boston Properties worth $11,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties during the fourth quarter worth about $29,000. Eagle Bay Advisors LLC acquired a new stake in Boston Properties during the second quarter worth about $31,000. Sound Income Strategies LLC increased its position in Boston Properties by 770.9% during the fourth 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 acquired a new stake in Boston Properties during the fourth quarter worth about $34,000. Finally, Quarry LP increased its position in Boston Properties by 170.4% during the first quarter. Quarry LP now owns 676 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 426 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BXP shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $74.00 price objective for the company. Barclays dropped their price target on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 27th. Truist Financial dropped their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. BMO Capital Markets dropped their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Finally, Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties presently has an average rating of “Hold” and an average price target of $69.44.

Boston Properties Trading Up 2.6 %

NYSE BXP opened at $60.20 on Friday. The firm has a 50 day simple moving average of $63.41 and a 200-day simple moving average of $62.60. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40. Boston Properties, Inc. has a one year low of $46.80 and a one year high of $73.97. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 49.75 and a beta of 1.15.

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

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.92 annualized dividend and a dividend yield of 6.51%. Boston Properties’s dividend payout ratio is presently 323.97%.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.22% 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.