Public Employees Retirement System of Ohio Has $17.39 Million Stock Position in Boston Properties, Inc. (NYSE:BXP)

Public Employees Retirement System of Ohio decreased its position in Boston Properties, Inc. (NYSE:BXP) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266,195 shares of the real estate investment trust’s stock after selling 6,843 shares during the period. Public Employees Retirement System of Ohio owned about 0.17% of Boston Properties worth $17,385,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its holdings in Boston Properties by 435.9% in the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 340 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Boston Properties in the 4th quarter valued at approximately $29,000. Turtle Creek Wealth Advisors LLC acquired a new position in Boston Properties in the 4th quarter valued at approximately $34,000. Cambridge Trust Co. raised its holdings in Boston Properties by 80.1% in the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in Boston Properties in the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Up 0.3 %

Shares of BXP opened at $71.56 on Tuesday. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 0.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. The business’s fifty day moving average price is $62.59 and its two-hundred day moving average price is $63.54. Boston Properties, Inc. has a 52 week low of $50.64 and a 52 week high of $73.97.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS 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 net margin of 5.81% and a return on equity of 2.35%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, analysts predict that Boston Properties, Inc. will post 7.04 earnings per share for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.92 annualized dividend and a dividend yield of 5.48%. Boston Properties’s dividend payout ratio is currently 321.31%.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of recent research reports. Truist Financial dropped their target price on Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a report on Friday, June 14th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Evercore ISI dropped their target price on Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, Barclays dropped their target price on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Boston Properties presently has an average rating of “Hold” and an average price target of $69.60.

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.