Point72 DIFC Ltd Has $507,000 Holdings in Boston Properties, Inc. (NYSE:BXP)

Point72 DIFC Ltd increased its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 137.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,228 shares of the real estate investment trust’s stock after purchasing an additional 4,758 shares during the quarter. Point72 DIFC Ltd’s holdings in Boston Properties were worth $507,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of Boston Properties by 100.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock valued at $840,000 after buying an additional 6,011 shares during the last quarter. UBS Group AG raised its position in shares of Boston Properties by 0.4% in the fourth quarter. UBS Group AG now owns 99,191 shares of the real estate investment trust’s stock valued at $6,960,000 after purchasing an additional 427 shares during the period. Wells Fargo & Company MN grew its holdings in Boston Properties by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 192,833 shares of the real estate investment trust’s stock valued at $13,531,000 after buying an additional 5,840 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Boston Properties by 387.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock valued at $4,900,000 after buying an additional 55,501 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Boston Properties in the 4th quarter valued at approximately $274,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Down 2.1 %

BXP stock opened at $80.78 on Thursday. The company has a market cap of $12.69 billion, a P/E ratio of 66.21, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83. Boston Properties, Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $83.85. The stock’s 50 day simple moving average is $72.74 and its 200 day simple moving average is $65.65.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. Boston Properties’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. On average, research analysts expect that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently declared 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. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is currently 321.31%.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s 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 disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BXP. Truist Financial lifted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Scotiabank boosted their price target on Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 11th. Piper Sandler raised their price objective on Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Wedbush raised their price target on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.