DekaBank Deutsche Girozentrale Sells 40,429 Shares of Boston Properties, Inc. (NYSE:BXP)

DekaBank Deutsche Girozentrale trimmed its position in shares of Boston Properties, Inc. (NYSE:BXP) by 41.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,972 shares of the real estate investment trust’s stock after selling 40,429 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Boston Properties were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC raised its position in shares of Boston Properties by 1,198.8% in the second quarter. Headlands Technologies LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,978 shares during the period. Daiwa Securities Group Inc. boosted its stake in Boston Properties by 0.3% in the 2nd 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. Royal London Asset Management Ltd. grew its holdings in Boston Properties by 4.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 79,324 shares of the real estate investment trust’s stock valued at $4,883,000 after buying an additional 3,226 shares in the last quarter. Choreo LLC bought a new stake in shares of Boston Properties during the second quarter valued at about $226,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Boston Properties by 70.1% in the second quarter. Acadian Asset Management LLC now owns 30,959 shares of the real estate investment trust’s stock worth $1,905,000 after buying an additional 12,763 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Trading Up 1.1 %

Shares of BXP opened at $81.29 on Thursday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 66.63, a PEG ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a twelve month low of $50.64 and a twelve month high of $83.38. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The firm has a fifty day simple moving average of $71.59 and a two-hundred day simple moving average of $65.14.

Boston Properties (NYSE:BXP) last posted 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 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 analysts’ expectations of $819.49 million. During the same quarter in the prior year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts anticipate that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.82%. Boston Properties’s dividend payout ratio is presently 321.31%.

Analyst Upgrades and Downgrades

BXP has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Wedbush upped their price objective on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price objective on shares of Boston Properties in a report on Thursday, June 20th. Piper Sandler upped their target price on Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Barclays decreased their price target on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.08.

Insider Buying and Selling

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties 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 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.