Ensign Peak Advisors Inc Lowers Holdings in Boston Properties, Inc. (NYSE:BXP)

Ensign Peak Advisors Inc lowered its holdings in Boston Properties, Inc. (NYSE:BXP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,970 shares of the real estate investment trust’s stock after selling 450 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Boston Properties were worth $3,322,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Boston Properties in the first quarter valued at about $1,187,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Boston Properties by 387.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock valued at $4,900,000 after acquiring an additional 55,501 shares during the period. Perpetual Ltd acquired a new position in shares of Boston Properties in the 1st quarter worth approximately $1,205,000. SG Americas Securities LLC boosted its position in shares of Boston Properties by 76.8% during the 2nd quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock worth $6,786,000 after purchasing an additional 47,882 shares during the period. Finally, M&G Plc acquired a new stake in Boston Properties in the 1st quarter valued at approximately $3,807,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a research report on Thursday, June 20th. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wells Fargo & Company boosted their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Piper Sandler raised their price objective on shares of Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wedbush upped their target price on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.83.

Insider Activity at Boston Properties

In other news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred on 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 is available at this link. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

Boston Properties Trading Down 0.7 %

Shares of NYSE:BXP opened at $80.26 on Friday. The company has a market cap of $12.61 billion, a PE ratio of 65.79, a P/E/G ratio of 0.38 and a beta of 1.18. The company’s 50 day moving average is $72.98 and its two-hundred day moving average is $65.76. Boston Properties, Inc. has a 52 week low of $50.64 and a 52 week high of $83.85. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 1.90.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS 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 analysts’ expectations of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Equities analysts predict that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, September 30th. Boston Properties’s payout ratio is 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.