Boston Properties, Inc. (NYSE:BXP) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 110.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,994 shares of the real estate investment trust’s stock after acquiring an additional 15,197 shares during the quarter. Metis Global Partners LLC’s holdings in Boston Properties were worth $2,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Boston Properties by 4.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,376,763 shares of the real estate investment trust’s stock valued at $260,330,000 after purchasing an additional 174,409 shares during the period. Senvest Management LLC grew its holdings in Boston Properties by 6.3% during the third quarter. Senvest Management LLC now owns 3,035,887 shares of the real estate investment trust’s stock worth $180,575,000 after acquiring an additional 179,547 shares during the period. Northern Trust Corp raised its position in Boston Properties by 9.6% in the third quarter. Northern Trust Corp now owns 2,780,809 shares of the real estate investment trust’s stock worth $165,403,000 after acquiring an additional 243,246 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Boston Properties by 27.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,986,269 shares of the real estate investment trust’s stock valued at $118,143,000 after acquiring an additional 429,587 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Boston Properties by 86.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,957,055 shares of the real estate investment trust’s stock valued at $112,977,000 after purchasing an additional 906,069 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Boston Properties

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

Boston Properties Stock Performance

NYSE BXP opened at $62.11 on Tuesday. Boston Properties, Inc. has a twelve month low of $46.80 and a twelve month high of $73.97. The stock has a market cap of $9.75 billion, a P/E ratio of 50.46 and a beta of 1.15. The company’s 50-day simple moving average is $62.57 and its 200 day simple moving average is $63.17. The company has a quick ratio of 5.40, a current ratio of 4.77 and a debt-to-equity ratio of 1.91.

Boston Properties (NYSE:BXP) last released 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 company had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. During the same quarter in the prior year, the company earned $1.73 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Boston Properties, Inc. will post 7.07 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend was Wednesday, March 27th. Boston Properties’s payout ratio is 321.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BXP. Wedbush cut their target price on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. 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 research note on Monday, April 8th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday. Evercore ISI decreased their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $74.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.53.

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.