Boston Properties, Inc. (NYSE:BXP) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,923,225 shares of the real estate investment trust’s stock after acquiring an additional 120,650 shares during the period. Massachusetts Financial Services Co. MA owned 1.22% of Boston Properties worth $118,394,000 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. WINTON GROUP Ltd acquired a new stake in shares of Boston Properties in the 2nd quarter worth approximately $269,000. Mystic Asset Management Inc. lifted 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 acquiring an additional 165 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Boston Properties by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 376,155 shares of the real estate investment trust’s stock worth $23,156,000 after acquiring an additional 16,469 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Boston Properties by 48.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,721 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 2,513 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Boston Properties by 1,198.8% in the 2nd quarter. Headlands Technologies LLC now owns 2,143 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,978 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Stock Up 1.1 %

BXP stock opened at $81.29 on Thursday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 66.63, a P/E/G ratio of 0.35 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. The company’s 50 day simple moving average is $71.59 and its 200-day simple moving average is $65.14. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $83.38.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. As a group, equities research analysts anticipate that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed 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 4.82%. Boston Properties’s dividend payout ratio is presently 321.31%.

Analysts Set New Price Targets

BXP has been the topic of a number of research reports. Evercore ISI boosted 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. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays dropped their target price on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Scotiabank boosted their target price on shares of Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their target price on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boston Properties presently has an average rating of “Hold” and an average target price of $74.08.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the company’s 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 document filed with the SEC, which is available at this link. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the business’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 value of $351,410.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 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.