18,655 Shares in Boston Properties, Inc. (NYSE:BXP) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,655 shares of the real estate investment trust’s stock, valued at approximately $1,148,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in shares of Boston Properties during the 4th quarter valued at about $337,000. Janney Montgomery Scott LLC lifted its holdings in shares of Boston Properties by 100.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 6,011 shares during the last quarter. UBS Group AG boosted its stake in shares of Boston Properties by 0.4% in the 4th quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock valued at $6,960,000 after purchasing an additional 427 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Boston Properties by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock valued at $13,531,000 after purchasing an additional 5,840 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of Boston Properties during the 4th quarter valued at $18,828,000. Institutional investors own 98.72% of the company’s stock.

Boston Properties Price Performance

BXP stock opened at $81.02 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $83.85. The firm has a 50-day moving average of $72.20 and a 200 day moving average of $65.37. The company has a market cap of $12.72 billion, a P/E ratio of 66.41, a PEG ratio of 0.35 and a beta of 1.18.

Boston Properties (NYSE:BXP) last released 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 firm 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 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 business earned $1.86 EPS. On average, sell-side analysts forecast that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays lowered their price target on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. 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. Wedbush lifted their price target on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their price objective on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Piper Sandler lifted their target price on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.08.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the company’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 legal filing with the SEC, which is available at the SEC website. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction 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. 1.35% of the stock is currently owned by corporate insiders.

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.