DekaBank Deutsche Girozentrale Sells 40,429 Shares of Boston Properties, Inc. (NYSE:BXP)

DekaBank Deutsche Girozentrale lessened its holdings in Boston Properties, Inc. (NYSE:BXP) by 41.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,972 shares of the real estate investment trust’s stock after selling 40,429 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Boston Properties were worth $3,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BXP. UMB Bank n.a. grew its stake in shares of Boston Properties by 115.5% in the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 395 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Boston Properties during the second quarter valued at $91,000. Principal Securities Inc. bought a new position in shares of Boston Properties during the fourth quarter valued at $93,000. Finally, Sound Income Strategies LLC raised its position in shares of Boston Properties by 198.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 949 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Performance

Shares of BXP opened at $81.29 on Thursday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 66.63, a PEG 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. Boston Properties, Inc. has a one year low of $50.64 and a one year high of $83.38. The business has a fifty day moving average of $71.59 and a 200 day moving average of $65.14.

Boston Properties (NYSE:BXP) last released its quarterly 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 net margin of 5.01% and a return on equity of 2.05%. The firm had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given 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 payout ratio is presently 321.31%.

Insider Transactions at Boston Properties

In related 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 transaction of $351,410.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Peter V. Otteni sold 4,785 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’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 disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BXP shares. Evercore ISI increased their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday. Barclays cut their price target 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. Wells Fargo & Company boosted their price objective 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. Wedbush upped their price objective on Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $74.08.

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.