Altrius Capital Management Inc Has $5.33 Million Stake in Boston Properties, Inc. (NYSE:BXP)

Altrius Capital Management Inc trimmed its holdings in Boston Properties, Inc. (NYSE:BXP) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,199 shares of the real estate investment trust’s stock after selling 2,499 shares during the period. Altrius Capital Management Inc’s holdings in Boston Properties were worth $5,326,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BXP. Vanguard Group Inc. lifted its holdings in Boston Properties by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock worth $1,539,289,000 after purchasing an additional 122,583 shares during the last quarter. Earnest Partners LLC increased its stake in Boston Properties by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after acquiring an additional 542,610 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Boston Properties by 6.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after acquiring an additional 120,650 shares during the period. Sei Investments Co. increased its stake in Boston Properties by 32.9% during the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock worth $92,567,000 after acquiring an additional 371,946 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Boston Properties by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,824 shares of the real estate investment trust’s stock worth $76,878,000 after acquiring an additional 38,048 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

BXP has been the topic of a number of recent research reports. Barclays raised their price objective on Boston Properties from $65.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Wedbush raised their price objective on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $88.00 in a research note on Thursday. Finally, UBS Group lifted their price target on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Boston Properties currently has an average rating of “Hold” and an average target price of $80.85.

Boston Properties Price Performance

BXP stock traded down $1.79 during midday trading on Friday, reaching $77.68. 204,120 shares of the stock were exchanged, compared to its average volume of 1,269,120. The stock has a market capitalization of $12.28 billion, a PE ratio of 33.94, a P/E/G ratio of 0.54 and a beta of 1.18. Boston Properties, Inc. has a 52 week low of $52.61 and a 52 week high of $90.11. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The company has a fifty day moving average price of $81.94 and a 200 day moving average price of $70.89.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, analysts expect that Boston Properties, Inc. will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s payout ratio is presently 169.70%.

About Boston Properties

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.