Bayesian Capital Management LP Purchases 14,466 Shares of Boston Properties, Inc. (NYSE:BXP)

Bayesian Capital Management LP boosted its stake in Boston Properties, Inc. (NYSE:BXP) by 381.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,256 shares of the real estate investment trust’s stock after purchasing an additional 14,466 shares during the quarter. Bayesian Capital Management LP’s holdings in Boston Properties were worth $1,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ieq Capital LLC increased its holdings in Boston Properties by 1.5% in the fourth quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 164 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Boston Properties by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 182 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Boston Properties by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,348 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 199 shares during the period. Carson Advisory Inc. boosted its position in shares of Boston Properties by 4.3% during the fourth quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 202 shares during the period. Finally, Cambridge Trust Co. raised its holdings in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Down 4.4 %

Shares of NYSE:BXP opened at $69.44 on Wednesday. The business’s 50 day simple moving average is $62.79 and its two-hundred day simple moving average is $63.56. The firm has a market cap of $10.91 billion, a P/E ratio of 59.61, a PEG ratio of 0.47 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 52-week low of $50.64 and a 52-week high of $73.97.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.72 by ($1.21). The business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. As a group, research analysts forecast that Boston Properties, Inc. will post 7.04 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Friday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Analyst Upgrades and Downgrades

BXP has been the topic of several analyst reports. Truist Financial dropped their target price on Boston Properties from $75.00 to $67.00 and set a “hold” rating on the stock in a report on Friday, June 14th. Barclays dropped 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 dropped their price objective on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Boston Properties in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.60.

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.