XTX Topco Ltd Acquires New Shares in Boston Properties, Inc. (NYSE:BXP)

XTX Topco Ltd bought a new position in Boston Properties, Inc. (NYSE:BXP) in the second quarter, HoldingsChannel reports. The institutional investor bought 18,655 shares of the real estate investment trust’s stock, valued at approximately $1,148,000.

Several other hedge funds have also recently modified their holdings of BXP. Earnest Partners LLC boosted its position in shares of Boston Properties by 29.8% during the first quarter. Earnest Partners LLC now owns 2,094,625 shares of the real estate investment trust’s stock valued at $136,800,000 after buying an additional 480,961 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Boston Properties by 30.9% during the 4th quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock valued at $139,407,000 after acquiring an additional 468,950 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Boston Properties by 206.6% in the first quarter. Los Angeles Capital Management LLC now owns 508,961 shares of the real estate investment trust’s stock worth $33,240,000 after acquiring an additional 342,939 shares during the period. Sei Investments Co. grew its stake in shares of Boston Properties by 42.2% in the first quarter. Sei Investments Co. now owns 1,131,741 shares of the real estate investment trust’s stock worth $73,914,000 after acquiring an additional 335,686 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Boston Properties in the fourth quarter worth approximately $18,828,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,785 shares of the firm’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 Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BXP shares. Wedbush increased their price target on Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Truist Financial upped their target price on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Scotiabank lifted their price target on shares of Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, September 11th. Finally, StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $74.08.

Boston Properties Stock Performance

NYSE BXP opened at $81.02 on Friday. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. Boston Properties, Inc. has a twelve month low of $50.64 and a twelve month high of $83.85. The business has a 50-day moving average price of $72.20 and a 200-day moving average price of $65.37. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 66.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18.

Boston Properties (NYSE:BXP) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company’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 earnings per share. As a group, equities research analysts predict that Boston Properties, Inc. will post 7.11 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.84%. Boston Properties’s dividend payout ratio is currently 321.31%.

Boston Properties Company Profile

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.