Whittier Trust Co. Purchases 10,429 Shares of Boston Properties, Inc. (NYSE:BXP)

Whittier Trust Co. raised its position in shares of Boston Properties, Inc. (NYSE:BXP) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 306,783 shares of the real estate investment trust’s stock after buying an additional 10,429 shares during the period. Whittier Trust Co.’s holdings in Boston Properties were worth $22,812,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BXP. Cbre Investment Management Listed Real Assets LLC lifted its position in Boston Properties by 12.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after acquiring an additional 18,900 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Boston Properties by 15.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after purchasing an additional 6,687 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Boston Properties by 198.9% in the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after purchasing an additional 99,248 shares in the last quarter. Van ECK Associates Corp grew its stake in Boston Properties by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after buying an additional 1,169 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Boston Properties by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 156 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BXP has been the topic of a number of research analyst reports. Mizuho dropped their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Scotiabank cut their price target on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Jefferies Financial Group assumed coverage on shares of Boston Properties in a report on Monday. They issued a “buy” rating and a $78.00 price target for the company. Wells Fargo & Company dropped their price objective on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Truist Financial raised their target price on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.85.

Boston Properties Stock Up 0.6 %

Boston Properties stock opened at $68.84 on Thursday. The business’s 50-day moving average price is $70.30 and its 200 day moving average price is $76.58. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 688.46, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, sell-side analysts anticipate that Boston Properties, Inc. will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Boston Properties

In other news, EVP Donna D. Garesche sold 2,143 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the transaction, the executive vice president now directly owns 7,271 shares of the company’s stock, valued at $523,657.42. The trade was a 63.00 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

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.