Nisa Investment Advisors LLC Sells 6,115 Shares of Boston Properties, Inc. (NYSE:BXP)

Nisa Investment Advisors LLC cut its stake in Boston Properties, Inc. (NYSE:BXP) by 3.9% in the second quarter, Holdings Channel reports. The institutional investor owned 152,710 shares of the real estate investment trust’s stock after selling 6,115 shares during the period. Nisa Investment Advisors LLC’s holdings in Boston Properties were worth $9,553,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BXP. International Assets Investment Management LLC bought a new stake in Boston Properties in the fourth quarter worth $15,810,000. Sequoia Financial Advisors LLC bought a new stake in shares of Boston Properties during the fourth quarter worth $221,000. Cerity Partners LLC bought a new stake in shares of Boston Properties during the fourth quarter worth $333,000. Louisiana State Employees Retirement System bought a new stake in shares of Boston Properties during the fourth quarter worth $610,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Boston Properties by 1.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 489,491 shares of the real estate investment trust’s stock worth $34,348,000 after purchasing an additional 7,677 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BXP. Truist Financial decreased their target price on Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a research report on Friday, June 14th. Barclays decreased their target price on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a research report on Thursday, June 20th. Scotiabank lifted their target price on Boston Properties from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Finally, Wedbush lifted their target price on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $70.54.

Boston Properties Stock Up 1.7 %

Shares of BXP stock traded up $1.17 during trading hours on Monday, reaching $71.16. 481,683 shares of the company’s stock were exchanged, compared to its average volume of 1,318,028. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $73.97. The stock has a market cap of $11.18 billion, a PE ratio of 58.08, a PEG ratio of 0.46 and a beta of 1.18. The company has a current ratio of 4.83, a quick ratio of 4.77 and a debt-to-equity ratio of 1.90. The stock’s fifty day moving average price is $65.15 and its two-hundred day moving average price is $63.48.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business had revenue of $850.48 million during the quarter, compared to analyst estimates of $819.49 million. During the same quarter last year, the company posted $1.86 EPS. Boston Properties’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts predict that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.51%. The ex-dividend date was Friday, June 28th. Boston Properties’s dividend payout ratio is currently 321.31%.

Boston Properties Company 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.