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.
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%.
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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.
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