Boston Properties, Inc. Shares (NYSE:BXP) purchased by Sound Income Strategies LLC

Sound Income Strategies LLC increased its position in Boston Properties, Inc. (NYSE:BXP – Free Report) up 198.1% during the first quarter, according to its most recent SEC disclosure. The fund owned 1,428 shares of the real estate investment trust, after purchasing an additional 949 shares during the period. Sound Income Strategies LLC’s holdings in Boston Properties were worth $93,000 at the end of the most recent reporting period.

Other major investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Boston Properties in the fourth quarter valued at $15,810,000. Cambridge Investment Research Advisors Inc. increased its position in Boston Properties shares by 387.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust valued at $4,900,000 after acquiring an additional 55,501 shares in the last quarter. abrdn plc increased its position in Boston Properties shares by 4.2% in the fourth quarter. abrdn plc now owns 713,840 shares of the real estate investment trust valued at $50,090,000 after acquiring an additional 28,870 shares in the last quarter. National Bank of Canada FI increased its position in shares of Boston Properties by 50.5% in the fourth quarter. National Bank of Canada FI now owns 46,377 shares of the real estate investment trust valued at $3,343,000 after acquiring an additional 15,570 shares in the last quarter. Finally, Perpetual Ltd purchased a new stake in shares of Boston Properties in the first quarter, valued at $1,205,000. Institutional investors and hedge funds own 98.72% of the company’s shares.

Price performance of properties in Boston

BXP stock opened at $61.09 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $73.97. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 50.07, a price-to-earnings growth ratio of 0.43, and a beta of 1.15. The stock has a 50-day simple moving average of $60.95 and a 200-day simple moving average of $64.43.

Boston Properties (NYSE:BXP – Get Free Report) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported earnings per share (EPS) of $0.51 for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company had revenue of $839.44 million during the quarter, compared to analyst estimates of $808.68 million. During the same quarter last year, the company posted earnings per share of $1.73. Boston Properties’ quarterly revenue increased 4.5% compared to the same quarter last year. On average, stock analysts predict that Boston Properties, Inc. will record a profit per share of 7.04 for the current financial year.

Dividend announcement from Boston Properties

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31. A dividend of $0.98 per share will be paid to shareholders of record on Friday, June 28. The ex-dividend date is Friday, June 28. This represents an annualized dividend of $3.92 and a yield of 6.42%. Boston Properties’ dividend payout ratio (DPR) currently stands at 321.31%.

Wall Street analysts predict growth

BXP has been the subject of several recent research reports. Morgan Stanley reiterated an “equalweight” rating and issued a $62.00 price objective on shares of Boston Properties in a research report on Thursday, June 20. Barclays lowered their price objective on Boston Properties from $66.00 to $65.00 and gave the stock an “equalweight” rating in a research report on Friday, May 24. Evercore ISI lowered their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, May 6. Truist Financial lowered their price target on Boston Properties from $75.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, June 14. Finally, StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of ‘Hold’ and an average price target of $69.60.

Check out our latest analysis on BXP

Boston Properties Profile

(Free report)

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner and manager of premium workplaces in the United States, concentrated in six dynamic gateway markets: Boston, Los Angeles, New York, San Francisco , Seattle and Washington, DC. BXP has been delivering places that enable progress for our customers and communities for more than 50 years.

read more

Would you like to see which other hedge funds own BXP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Boston Properties, Inc. (NYSE:BXP – Free Report).

Get daily news and reviews for Boston Properties – Enter your email address below to receive a daily digest of the latest news and analyst ratings for Boston Properties and related companies with MarketBeat.com’s FREE daily email newsletter.