Teacher Retirement System of Texas trimmed its position in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,273 shares of the real estate investment trust's stock after selling 1,536 shares during the quarter. Teacher Retirement System of Texas' holdings in Boston Properties were worth $1,595,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kinneret Advisory LLC lifted its position in shares of Boston Properties by 2.3% in the first quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust's stock valued at $525,000 after acquiring an additional 90 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Boston Properties by 1.5% in the second quarter. United Capital Financial Advisers LLC now owns 8,041 shares of the real estate investment trust's stock valued at $716,000 after acquiring an additional 121 shares in the last quarter. Toroso Investments LLC lifted its position in shares of Boston Properties by 6.7% in the first quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust's stock valued at $247,000 after acquiring an additional 121 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Boston Properties by 0.4% in the first quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust's stock valued at $3,673,000 after acquiring an additional 125 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Boston Properties by 13.3% in the second quarter. Zions Bancorporation N.A. now owns 1,193 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 140 shares in the last quarter. 88.62% of the stock is currently owned by hedge funds and other institutional investors.
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Boston Properties Price Performance
BXP stock opened at $73.70 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 4.08 and a current ratio of 4.08. Boston Properties, Inc. has a 1 year low of $64.03 and a 1 year high of $133.11. The firm has a market cap of $11.55 billion, a P/E ratio of 12.71 and a beta of 1.02. The stock has a 50-day simple moving average of $68.94 and a 200-day simple moving average of $76.22.
Boston Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Friday, December 30th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.32%. Boston Properties's dividend payout ratio (DPR) is currently 67.59%.
Analysts Set New Price Targets
BXP has been the topic of several recent research reports. Truist Financial reduced their price objective on Boston Properties from $85.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, January 17th. Morgan Stanley reduced their target price on Boston Properties from $78.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 23rd. UBS Group reduced their target price on Boston Properties from $98.00 to $79.00 and set a "neutral" rating on the stock in a research report on Monday, October 24th. Credit Suisse Group downgraded Boston Properties from an "outperform" rating to a "neutral" rating and set a $71.82 target price on the stock. in a research report on Thursday, October 20th. Finally, BTIG Research downgraded Boston Properties from a "buy" rating to a "neutral" rating in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $85.79.
About Boston Properties
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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.
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