TCW Group Inc. Sells 225 Shares of Boston Properties, Inc. (NYSE:BXP)

TCW Group Inc. lowered its position in shares of Boston Properties, Inc. (NYSE:BXP) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,360 shares of the real estate investment trust’s stock after selling 225 shares during the period. TCW Group Inc.’s holdings in Boston Properties were worth $4,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Boston Properties in the 4th quarter worth $15,810,000. Dark Forest Capital Management LP purchased a new position in Boston Properties in the 3rd quarter worth about $904,000. abrdn plc lifted its stake in Boston Properties by 4.2% during the 4th quarter. abrdn plc now owns 713,840 shares of the real estate investment trust’s stock valued at $50,090,000 after acquiring an additional 28,870 shares during the period. National Bank of Canada FI boosted its holdings in shares of Boston Properties by 50.5% during the 4th quarter. National Bank of Canada FI now owns 46,377 shares of the real estate investment trust’s stock valued at $3,343,000 after acquiring an additional 15,570 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new stake in shares of Boston Properties in the fourth quarter worth approximately $5,017,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BXP has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Barclays lowered their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday. Wedbush dropped their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Boston Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $74.00 price objective for the company. Finally, BMO Capital Markets dropped their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Two equities research 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 stock has an average rating of “Hold” and a consensus target price of $69.47.

Insider Activity

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

Boston Properties Stock Performance

Boston Properties stock traded down $0.45 during midday trading on Friday, hitting $59.31. The stock had a trading volume of 949,809 shares, compared to its average volume of 1,050,829. Boston Properties, Inc. has a 52-week low of $46.80 and a 52-week high of $73.97. The company has a market capitalization of $9.32 billion, a PE ratio of 48.60, a P/E/G ratio of 0.41 and a beta of 1.15. The firm’s fifty day moving average is $61.98 and its two-hundred day moving average is $63.80. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share. On average, research analysts forecast that Boston Properties, Inc. will post 7.05 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a yield of 6.61%. Boston Properties’s dividend payout ratio is presently 321.31%.

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.