Boston Properties, Inc. (BXP) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its holdings in Boston Properties, Inc. (NYSE:BXP) by 83.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,018 shares of the real estate investment trust’s stock after selling 9,830 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Boston Properties were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JOYN Advisors Inc. grew its position in Boston Properties by 63.3% in the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 107 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Boston Properties during the 4th quarter worth $33,000. Flagship Harbor Advisors LLC lifted its stake in shares of Boston Properties by 200.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Loeb Partners Corp purchased a new stake in shares of Boston Properties during the 4th quarter worth $33,000. Finally, Doyle Wealth Management purchased a new stake in shares of Boston Properties during the 4th quarter worth $34,000. 95.68% of the stock is currently owned by institutional investors.

In other Boston Properties news, SVP Frank D. Burt sold 2,000 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $133.64, for a total value of $267,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.88% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Deutsche Bank upped their price objective on Boston Properties from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research cut Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Morgan Stanley cut Boston Properties from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $130.00 to $116.00 in a research note on Wednesday, March 13th. ValuEngine cut Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, BTIG Research upped their price objective on Boston Properties to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Boston Properties has an average rating of “Hold” and an average price target of $135.89.

Boston Properties stock opened at $134.26 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.81 and a quick ratio of 4.81. Boston Properties, Inc. has a one year low of $107.84 and a one year high of $139.41. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 3.15 and a beta of 0.93.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 29th. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.72). Boston Properties had a net margin of 21.45% and a return on equity of 7.28%. The business had revenue of $651.17 million during the quarter, compared to analysts’ expectations of $634.12 million. As a group, equities analysts predict that Boston Properties, Inc. will post 6.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, March 28th. Boston Properties’s dividend payout ratio (DPR) is presently 60.32%.

COPYRIGHT VIOLATION WARNING: “Boston Properties, Inc. (BXP) Shares Sold by First Citizens Bank & Trust Co.” was originally posted by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.themarketsdaily.com/2019/04/17/boston-properties-inc-bxp-shares-sold-by-first-citizens-bank-trust-co.html.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Further Reading: Differences Between Momentum Investing and Long Term Investing

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP).

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.