Liberty Mutual Group Asset Management Inc. Buys 1,792 Shares of Boston Properties, Inc. (NYSE:BXP)

Liberty Mutual Group Asset Management Inc. increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,738 shares of the real estate investment trust’s stock after buying an additional 1,792 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Boston Properties were worth $2,508,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties 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 hyperlink. In related news, EVP Peter V. Otteni sold 4,785 shares of the firm’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 value of $351,410.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties 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 disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Scotiabank lifted their price objective 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. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Wedbush increased their price target on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Piper Sandler raised their price objective on Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Evercore ISI upped their target price on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.83.

Boston Properties Price Performance

Shares of BXP stock opened at $80.26 on Friday. The business has a fifty day simple moving average of $72.98 and a 200 day simple moving average of $65.76. The company has a market cap of $12.61 billion, a P/E ratio of 65.79, a P/E/G ratio of 0.38 and a beta of 1.18. 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.

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 analysts’ consensus estimates of $1.72 by ($1.21). The company 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 firm’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Monday, September 30th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 4.88%. Boston Properties’s dividend payout ratio (DPR) is presently 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.