Healthcare of Ontario Pension Plan Trust Fund Sells 5,000 Shares of Boston Properties, Inc. (NYSE:BXP)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,700 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of Boston Properties worth $5,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Boston Properties by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 150 shares during the last quarter. Mystic Asset Management Inc. lifted its stake in 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 valued at $341,000 after purchasing an additional 165 shares during the last quarter. Signaturefd LLC grew its holdings in Boston Properties by 2.6% during the second quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 168 shares during the period. Daiwa Securities Group Inc. grew its holdings in Boston Properties by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after purchasing an additional 175 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position 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 worth $432,000 after buying an additional 182 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BXP. Wells Fargo & Company raised their price objective on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Truist Financial raised their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Scotiabank upped 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 raised their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $74.83.

Boston Properties Trading Up 1.2 %

Shares of BXP stock opened at $80.74 on Friday. The stock has a market cap of $12.68 billion, a P/E ratio of 66.18, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $83.85. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 1.90. The stock has a 50 day simple moving average of $74.69 and a 200 day simple moving average of $66.59.

Boston Properties (NYSE:BXP) last released its 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 net margin of 5.01% and a return on equity of 2.05%. The company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts predict that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.86%. Boston Properties’s dividend payout ratio (DPR) is 321.31%.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,621,248.75. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

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.