Boston Properties, Inc. (NYSE:BXP) Stock Position Decreased by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,462 shares of the real estate investment trust’s stock after selling 263 shares during the period. Cetera Investment Advisers’ holdings in Boston Properties were worth $2,368,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. V Square Quantitative Management LLC lifted its stake in Boston Properties by 14.3% during the fourth quarter. V Square Quantitative Management LLC now owns 4,916 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 616 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Boston Properties during the 4th quarter valued at $127,000. Goldman Sachs Group Inc. lifted its holdings in shares of Boston Properties by 11.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,036,968 shares of the real estate investment trust’s stock valued at $142,934,000 after purchasing an additional 209,141 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Boston Properties by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 23,446,379 shares of the real estate investment trust’s stock valued at $1,645,232,000 after purchasing an additional 62,539 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Boston Properties during the 4th quarter worth about $9,197,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BXP has been the topic of several research reports. Wedbush upped their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their price target on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Boston Properties in a research report on Thursday, June 20th. Piper Sandler boosted their target price on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Scotiabank raised their price target on shares of Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.83.

Boston Properties Stock Up 0.9 %

BXP stock opened at $82.97 on Friday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 68.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18. The company has a 50-day moving average of $75.81 and a two-hundred day moving average of $67.22. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $83.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). The business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. Boston Properties’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, equities research analysts anticipate that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 4.72%. Boston Properties’s payout ratio is 321.31%.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Peter V. Otteni sold 4,785 shares of the business’s 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 document filed with the SEC, which is available through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were 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. Corporate insiders own 1.35% of the company’s stock.

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.