Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,690 shares of the real estate investment trust’s stock after purchasing an additional 6,324 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boston Properties were worth $11,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its position in Boston Properties by 17.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,714 shares of the real estate investment trust’s stock valued at $350,000 after acquiring an additional 396 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Boston Properties in the first quarter valued at approximately $214,000. Private Advisor Group LLC acquired a new stake in Boston Properties in the first quarter valued at approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Boston Properties by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock valued at $2,450,000 after acquiring an additional 1,178 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Boston Properties by 38.8% in the first quarter. APG Asset Management N.V. now owns 11,448 shares of the real estate investment trust’s stock valued at $1,325,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BXP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price objective for the company. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Jefferies Financial Group raised shares of Boston Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. Barclays lowered their price objective on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 27th. Finally, BMO Capital Markets reduced their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.44.

Boston Properties Stock Performance

Shares of BXP opened at $60.20 on Friday. The business’s fifty day moving average price is $63.41 and its 200 day moving average price is $62.60. Boston Properties, Inc. has a 12-month low of $46.80 and a 12-month high of $73.97. The stock has a market capitalization of $9.45 billion, a PE ratio of 49.75 and a beta of 1.15. The company has a debt-to-equity ratio of 1.99, a current ratio of 5.40 and a quick ratio of 5.40.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The firm had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Boston Properties, Inc. will post 7.12 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.51%. The ex-dividend date is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

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.