Boston Properties, Inc. (NYSE:BXP) Stock Position Boosted by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,520 shares of the real estate investment trust’s stock after purchasing an additional 1,403 shares during the period. ProShare Advisors LLC’s holdings in Boston Properties were worth $1,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of Boston Properties during the 1st quarter valued at $1,187,000. Perpetual Ltd bought a new stake in Boston Properties in the first quarter valued at $1,205,000. SG Americas Securities LLC increased 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 in the last quarter. M&G Plc acquired a new stake in Boston Properties during the 1st quarter valued at $3,807,000. Finally, Caxton Associates LP acquired a new stake in shares of Boston Properties in the first quarter valued at $1,423,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Stock Performance

NYSE BXP opened at $80.76 on Friday. The firm’s fifty day moving average price is $73.25 and its two-hundred day moving average price is $65.86. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $83.85. The firm has a market capitalization of $12.68 billion, a P/E ratio of 66.20, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. 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 announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. During the same period last year, the firm earned $1.86 EPS. Boston Properties’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, 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. Shareholders of record on Monday, September 30th will be given a dividend of $0.98 per share. 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 4.85%. Boston Properties’s dividend payout ratio (DPR) is 321.31%.

Insider Buying and Selling at Boston Properties

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Truist Financial increased their price target on Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Wedbush raised their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Scotiabank upped their price objective on Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, September 11th. Finally, Evercore ISI increased their price objective on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a 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 currently has a consensus rating of “Hold” and a consensus price target of $74.83.

Boston Properties 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.