Masterton Capital Management LP Makes New $3.50 Million Investment in Boston Properties, Inc. (NYSE:BXP)

Masterton Capital Management LP bought a new position in Boston Properties, Inc. (NYSE:BXP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,800 shares of the real estate investment trust’s stock, valued at approximately $3,497,000. Boston Properties comprises about 2.5% of Masterton Capital Management LP’s portfolio, making the stock its 14th largest position.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Boston Properties by 100.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 6,011 shares in the last quarter. UBS Group AG boosted its holdings in Boston Properties by 0.4% in the fourth quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock valued at $6,960,000 after acquiring an additional 427 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Boston Properties by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock valued at $13,531,000 after acquiring an additional 5,840 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings 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 purchasing an additional 55,501 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Boston Properties in the 4th quarter valued at about $274,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BXP shares. Scotiabank increased their price objective on shares of Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a report on Wednesday, September 11th. Evercore ISI lifted their price objective on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wells Fargo & Company raised their target price on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Truist Financial upped their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Boston Properties presently has an average rating of “Hold” and a consensus price target of $74.08.

Insiders Place Their Bets

In related 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 value of $351,410.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $351,410.40. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Boston Properties Price Performance

Shares of NYSE BXP opened at $82.17 on Tuesday. The company has a fifty day moving average price of $72.48 and a 200 day moving average price of $65.52. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $83.85. The firm has a market cap of $12.91 billion, a PE ratio of 67.35, a PEG ratio of 0.35 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 released 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 firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. During the same period last year, the company earned $1.86 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts predict that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 4.77%. Boston Properties’s payout ratio is currently 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.