Kentucky Retirement Systems Insurance Trust Fund Has $403,000 Holdings in Boston Properties, Inc. (NYSE:BXP)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,414 shares of the real estate investment trust’s stock after acquiring an additional 1,112 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Boston Properties were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BXP. Harvest Fund Management Co. Ltd lifted its position in Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares during the period. Brooklyn Investment Group acquired a new position in Boston Properties during the 3rd quarter valued at about $58,000. Sound Income Strategies LLC lifted its position in Boston Properties by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 590 shares during the period. Blue Trust Inc. lifted its position in Boston Properties by 60.5% during the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 2,138 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its position in Boston Properties by 32.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 1,600 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BXP. Barclays upped their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Scotiabank reiterated a “sector perform” rating and issued a $85.00 price target on shares of Boston Properties in a research report on Thursday, November 7th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, UBS Group increased their price target on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and an average price target of $82.23.

Insider Transactions at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction 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. This trade represents a 63.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.35% of the company’s stock.

Boston Properties Stock Performance

Shares of BXP stock opened at $69.91 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The company has a market capitalization of $11.05 billion, a P/E ratio of 699.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.18. The company’s 50 day moving average price is $73.37 and its two-hundred day moving average price is $76.98. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, analysts expect that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.61%. Boston Properties’s dividend payout ratio is currently 3,920.39%.

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.