Massachusetts Financial Services Co. MA increased its position in shares of Boston Properties, Inc. (NYSE:BXP – Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,923,225 shares of the real estate investment trust’s stock after buying an additional 120,650 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Boston Properties were worth $118,394,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in shares of Boston Properties by 59.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 395 shares during the period. Principal Securities Inc. bought a new stake in shares of Boston Properties during the 4th quarter worth $93,000. Sound Income Strategies LLC boosted its holdings in shares of Boston Properties by 198.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 949 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boston Properties during the 2nd quarter worth $91,000. 98.72% of the stock is owned by institutional investors.
Insider Activity at Boston Properties
In related news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on BXP
Boston Properties Price Performance
NYSE:BXP opened at $81.29 on Thursday. Boston Properties, Inc. has a 52 week low of $50.64 and a 52 week high of $83.38. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 66.63, a PEG ratio of 0.35 and a beta of 1.18. The company has a 50-day moving average of $71.59 and a 200-day moving average of $65.14. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83.
Boston Properties (NYSE:BXP – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The firm had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. During the same period in the prior year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.
Boston Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.82%. The ex-dividend date is Monday, September 30th. Boston Properties’s dividend payout ratio is currently 321.31%.
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.
Further Reading
- Five stocks we like better than Boston Properties
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- How Much Can You Make in Stocks in One Month?
- What is a Death Cross in Stocks?
- This Is the Top Large-Cap Stock Insiders Are Buying
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXP – Free Report).
Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.