Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 32.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,503,687 shares of the real estate investment trust’s stock after buying an additional 371,946 shares during the quarter. Sei Investments Co. owned about 0.96% of Boston Properties worth $92,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Boston Properties by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 150 shares in the last quarter. Mystic Asset Management Inc. raised its stake in shares of Boston Properties by 3.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 165 shares in the last quarter. Signaturefd LLC raised its stake in shares of Boston Properties by 2.6% in the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Boston Properties by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock valued at $3,917,000 after buying an additional 175 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its stake in Boston Properties by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 182 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Price Performance

BXP opened at $81.02 on Friday. The firm has a market capitalization of $12.72 billion, a P/E ratio of 66.41, a PEG ratio of 0.35 and a beta of 1.18. The stock has a fifty day moving average of $72.20 and a 200-day moving average of $65.37. 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 12-month low of $50.64 and a 12-month high of $83.85.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $819.49 million. During the same period in the prior year, the company posted $1.86 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that Boston Properties, Inc. will post 7.11 EPS for the current fiscal year.

Boston Properties Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on BXP shares. Scotiabank boosted 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 report on Wednesday, September 11th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Evercore ISI raised their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Truist Financial lifted their price target on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Piper Sandler increased their price objective on Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Eight 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 company has an average rating of “Hold” and an average target price of $74.08.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

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.