Hurley Capital LLC Takes Position in Boston Properties, Inc. (NYSE:BXP)

Hurley Capital LLC bought a new position in shares of Boston Properties, Inc. (NYSE:BXP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,250 shares of the real estate investment trust’s stock, valued at approximately $94,000.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. raised its holdings in shares of Boston Properties by 3.5% in the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock worth $22,812,000 after buying an additional 10,429 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Boston Properties by 12.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after buying an additional 18,900 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after acquiring an additional 99,248 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Boston Properties by 7.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust’s stock worth $10,717,000 after acquiring an additional 10,252 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Boston Properties during the fourth quarter worth approximately $8,994,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Trading Down 3.6 %

Shares of Boston Properties stock opened at $60.36 on Friday. The firm has a market cap of $9.55 billion, a PE ratio of 603.67, a P/E/G ratio of 0.91 and a beta of 1.19. 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, Inc. has a 1 year low of $56.46 and a 1 year high of $90.11. The stock has a fifty day moving average price of $69.17 and a 200-day moving average price of $75.82.

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

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.98 per share. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a yield of 6.49%. Boston Properties’s dividend payout ratio is presently 3,920.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays lowered their target price on Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company cut their price objective on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Mizuho lowered their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Piper Sandler decreased their price target on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Scotiabank dropped their target price on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $80.85.

Insider Activity

In related news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the transaction, the executive vice president now directly owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. This represents a 63.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

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.