Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its holdings in Boston Properties, Inc. (NYSE:BXP) by 212.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568 shares of the real estate investment trust’s stock after acquiring an additional 386 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Boston Properties were worth $35,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Boston Properties by 59.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 395 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 198.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 949 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Boston Properties in the 2nd quarter worth $91,000. Finally, Mather Group LLC. acquired a new stake in shares of Boston Properties during the first quarter worth $108,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The stock was 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 can be accessed through this hyperlink. In other news, EVP Peter V. Otteni sold 4,785 shares of the business’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 SEC, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction dated 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.

Wall Street Analyst Weigh In

BXP has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. 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 report on Tuesday, September 3rd. Wedbush upped their price target on shares of Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Truist Financial lifted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Scotiabank boosted their target price on shares of Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a research note on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.83.

Boston Properties Stock Performance

BXP opened at $80.44 on Tuesday. 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 company has a market cap of $12.63 billion, a PE ratio of 65.93, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. The stock has a 50-day moving average of $73.78 and a 200-day moving average of $66.13. Boston Properties, Inc. has a 52-week low of $50.64 and a 52-week high of $83.85.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) 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 company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. During the same period in the previous year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company 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 $0.98 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.87%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

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.