Boston Properties, Inc. (NYSE:BXP) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its position in Boston Properties, Inc. (NYSE:BXP) by 29.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,891 shares of the real estate investment trust’s stock after buying an additional 13,754 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Boston Properties were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BXP. O Shaughnessy Asset Management LLC boosted its holdings in Boston Properties by 44.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,704 shares of the real estate investment trust’s stock valued at $699,000 after acquiring an additional 3,275 shares during the period. Edgestream Partners L.P. boosted its stake in shares of Boston Properties by 82.8% in the first quarter. Edgestream Partners L.P. now owns 113,790 shares of the real estate investment trust’s stock valued at $7,432,000 after purchasing an additional 51,528 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Boston Properties in the first quarter valued at approximately $1,187,000. Vanguard Group Inc. grew its holdings in shares of Boston Properties by 0.5% in the first quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock valued at $1,539,289,000 after purchasing an additional 122,583 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Boston Properties during the 1st quarter worth approximately $445,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BXP. Truist Financial decreased their price target on shares of Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a research report on Friday, June 14th. Barclays reduced their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. BMO Capital Markets lowered their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Evercore ISI reduced their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.60.

Boston Properties Stock Up 1.9 %

BXP stock traded up $1.31 during midday trading on Tuesday, reaching $69.18. 847,757 shares of the company were exchanged, compared to its average volume of 1,330,506. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $73.97. The stock’s 50-day simple moving average is $62.12 and its 200 day simple moving average is $63.59.

Boston Properties (NYSE:BXP) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company had revenue of $839.44 million during the quarter, compared to analysts’ expectations of $808.68 million. During the same period last year, the business earned $1.73 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Boston Properties, Inc. will post 7.04 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, June 28th. Boston Properties’s payout ratio is currently 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.