Boston Properties, Inc. (NYSE:BXP) Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Boston Properties, Inc. (NYSE:BXP) by 48.3% during the second quarter, HoldingsChannel.com reports. The firm owned 7,721 shares of the real estate investment trust’s stock after buying an additional 2,513 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Boston Properties were worth $475,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Boston Properties in the 1st quarter valued at approximately $1,187,000. Cambridge Investment Research Advisors Inc. grew its position in Boston Properties by 387.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock worth $4,900,000 after acquiring an additional 55,501 shares in the last quarter. Perpetual Ltd bought a new stake in Boston Properties in the first quarter worth approximately $1,205,000. SG Americas Securities LLC increased its stake in shares of Boston Properties by 76.8% during the 2nd quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock worth $6,786,000 after purchasing an additional 47,882 shares during the last quarter. Finally, M&G Plc bought a new position in shares of Boston Properties during the 1st quarter valued at $3,807,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Peter V. Otteni sold 4,785 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

BXP has been the subject of a number of recent research reports. Scotiabank upped their price objective on shares of Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 11th. Barclays lowered their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. 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. Finally, Truist Financial boosted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Boston Properties presently has an average rating of “Hold” and an average price target of $74.08.

Boston Properties Trading Down 1.6 %

Shares of BXP stock opened at $81.02 on Friday. The firm has a market capitalization of $12.72 billion, a P/E ratio of 66.41, a price-to-earnings-growth 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 $83.85. The firm’s fifty day simple moving average is $72.20 and its 200 day simple moving average is $65.37. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 1.90.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, sell-side analysts predict that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 4.84%. Boston Properties’s dividend payout ratio (DPR) is 321.31%.

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.