Dimensional Fund Advisors LP Increases Stock Position in Boston Properties, Inc. (NYSE:BXP)

Dimensional Fund Advisors LP lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,214,874 shares of the real estate investment trust’s stock after acquiring an additional 2,486 shares during the period. Dimensional Fund Advisors LP owned 1.41% of Boston Properties worth $136,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BXP. UMB Bank n.a. grew its position in shares of Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Boston Properties by 59.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 395 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Boston Properties in the 2nd quarter valued at $91,000. Sound Income Strategies LLC grew its position in Boston Properties by 198.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 949 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Boston Properties in the 1st quarter valued at $108,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Trading Down 1.6 %

NYSE:BXP opened at $81.02 on Friday. The company has a market capitalization of $12.72 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 0.35 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 52-week low of $50.64 and a 52-week high of $83.85. The stock has a fifty day simple moving average of $72.20 and a 200-day simple moving average of $65.37.

Boston Properties (NYSE:BXP) last released its quarterly earnings results 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). The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. On average, equities research analysts expect that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company 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 $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Monday, September 30th. Boston Properties’s payout ratio is 321.31%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BXP. Truist Financial lifted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Wedbush lifted their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Evercore ISI lifted their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.08.

Insider Activity at Boston Properties

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 Securities & Exchange Commission, which is available at 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 transaction 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 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.