XTX Topco Ltd purchased a new stake in shares of Boston Properties, Inc. (NYSE:BXP – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,655 shares of the real estate investment trust’s stock, valued at approximately $1,148,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in shares of Boston Properties during the 4th quarter valued at about $337,000. Janney Montgomery Scott LLC lifted its holdings in shares of Boston Properties by 100.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 6,011 shares during the last quarter. UBS Group AG boosted its stake in shares of Boston Properties by 0.4% in the 4th quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock valued at $6,960,000 after purchasing an additional 427 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Boston Properties by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock valued at $13,531,000 after purchasing an additional 5,840 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of Boston Properties during the 4th quarter valued at $18,828,000. Institutional investors own 98.72% of the company’s stock.
Boston Properties Price Performance
BXP stock opened at $81.02 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $83.85. The firm has a 50-day moving average of $72.20 and a 200 day moving average of $65.37. The company has a market cap of $12.72 billion, a P/E ratio of 66.41, a PEG ratio of 0.35 and a beta of 1.18.
Boston Properties Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 4.84%. Boston Properties’s payout ratio is 321.31%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Barclays lowered their price target on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a research report on Thursday, June 20th. Wedbush lifted their price target on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI increased their price objective on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Piper Sandler lifted their target price on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.08.
Check Out Our Latest Stock Report on Boston Properties
Insider Activity at Boston Properties
In other Boston Properties 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 value of $351,410.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.
About Boston Properties
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.
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