Boston Properties, Inc. (NYSE:BXP) Shares Sold by NewSquare Capital LLC

NewSquare Capital LLC trimmed its position in Boston Properties, Inc. (NYSE:BXP) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,636 shares of the real estate investment trust’s stock after selling 155 shares during the quarter. NewSquare Capital LLC’s holdings in Boston Properties were worth $4,063,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd lifted its position in shares of Boston Properties by 5,025.0% in 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 acquiring an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties in the 3rd quarter valued at $58,000. Sound Income Strategies LLC lifted its holdings in 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 valued at $283,000 after purchasing an additional 590 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Boston Properties by 25.8% during 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 purchasing an additional 1,112 shares during the last quarter. Finally, E. Ohman J or Asset Management AB grew its holdings in shares of Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 1,600 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Price Performance

Shares of BXP opened at $67.17 on Wednesday. The firm has a 50-day simple moving average of $71.74 and a two-hundred day simple moving average of $77.05. The stock has a market cap of $10.62 billion, a PE ratio of 671.73, a P/E/G ratio of 0.91 and a beta of 1.18. Boston Properties, Inc. has a 1-year low of $56.46 and a 1-year high of $90.11. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, analysts forecast that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is 3,920.00%.

Insider Buying and Selling at Boston Properties

In related news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the transaction, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BXP has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wedbush cut Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Mizuho dropped their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, Piper Sandler dropped their target price on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.08.

Boston Properties Company 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.