Boston Properties, Inc. (NYSE:BXP) Stake Lifted by Riverview Capital Advisers LLC

Riverview Capital Advisers LLC grew its holdings in Boston Properties, Inc. (NYSE:BXP) by 3.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 148,917 shares of the real estate investment trust’s stock after buying an additional 4,410 shares during the period. Boston Properties accounts for approximately 3.1% of Riverview Capital Advisers LLC’s portfolio, making the stock its 9th largest position. Riverview Capital Advisers LLC owned about 0.09% of Boston Properties worth $9,167,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Principal Securities Inc. acquired a new stake in shares of Boston Properties during the fourth quarter worth $93,000. Jump Financial LLC purchased a new stake in shares of Boston Properties in the fourth quarter valued at about $337,000. Janney Montgomery Scott LLC boosted its holdings in shares of Boston Properties by 100.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 6,011 shares in the last quarter. UBS Group AG increased its stake in shares of Boston Properties by 0.4% during the fourth quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock worth $6,960,000 after acquiring an additional 427 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Boston Properties by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock worth $13,531,000 after purchasing an additional 5,840 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Price Performance

Shares of NYSE:BXP opened at $81.29 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83. The business’s fifty day moving average price is $71.59 and its two-hundred day moving average price is $65.14. The stock has a market cap of $12.77 billion, a PE ratio of 66.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a one year low of $50.64 and a one year high of $83.38.

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

Boston Properties Announces Dividend

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 dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Monday, September 30th. Boston Properties’s payout ratio is 321.31%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lifted their price objective on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Wells Fargo & Company increased their price objective on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Wedbush increased their price target on shares of Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Piper Sandler upped their target price on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI lifted their price target on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.08.

Insider Buying and Selling

In other news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction on Friday, August 23rd. The stock was 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 link. In other news, EVP Peter V. Otteni sold 4,785 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the firm’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. 1.35% of the stock is owned by company 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.