Acadian Asset Management LLC Grows Holdings in Boston Properties, Inc. (NYSE:BXP)

Acadian Asset Management LLC increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 70.1% in the second quarter, HoldingsChannel.com reports. The firm owned 30,959 shares of the real estate investment trust’s stock after buying an additional 12,763 shares during the period. Acadian Asset Management LLC’s holdings in Boston Properties were worth $1,905,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BXP. Norges Bank purchased a new position in Boston Properties during the 4th quarter valued at about $890,848,000. Earnest Partners LLC boosted its stake in shares of Boston Properties by 29.8% in the first quarter. Earnest Partners LLC now owns 2,094,625 shares of the real estate investment trust’s stock valued at $136,800,000 after purchasing an additional 480,961 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Boston Properties by 30.9% in the fourth quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock valued at $139,407,000 after purchasing an additional 468,950 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Boston Properties by 206.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 508,961 shares of the real estate investment trust’s stock worth $33,240,000 after buying an additional 342,939 shares during the period. Finally, Sei Investments Co. lifted its holdings in Boston Properties by 42.2% during the 1st quarter. Sei Investments Co. now owns 1,131,741 shares of the real estate investment trust’s stock worth $73,914,000 after buying an additional 335,686 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was 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 owned by insiders.

Boston Properties Stock Performance

NYSE BXP opened at $80.06 on Friday. The company has a fifty day moving average of $70.41 and a two-hundred day moving average of $64.80. The company has a market capitalization of $12.57 billion, a PE ratio of 65.62, a P/E/G ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $80.58. 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 (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). The firm 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 revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, analysts expect that Boston Properties, Inc. will post 7.11 earnings per share for the current year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.98 dividend. 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 4.90%. Boston Properties’s payout ratio is 321.31%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BXP shares. Scotiabank upped their price objective on Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Barclays reduced their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Wells Fargo & Company boosted 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. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.54.

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.