Boston Properties, Inc. (NYSE:BXP) Shares Sold by MML Investors Services LLC

Posted by on Mar 4th, 2023

MML Investors Services LLC cut its holdings in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 19.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,426 shares of the real estate investment trust’s stock after selling 3,018 shares during the period. MML Investors Services LLC’s holdings in Boston Properties were worth $932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BXP. Waterfront Capital Partners LLC purchased a new stake in Boston Properties during the third quarter worth about $57,777,000. Allspring Global Investments Holdings LLC increased its stake in Boston Properties by 3,658.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 711,771 shares of the real estate investment trust’s stock worth $53,360,000 after purchasing an additional 692,831 shares during the period. State Street Corp increased its stake in shares of Boston Properties by 6.1% during the first quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock worth $1,430,779,000 after buying an additional 638,452 shares during the period. Vanguard Group Inc. increased its stake in shares of Boston Properties by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock worth $3,011,742,000 after buying an additional 404,123 shares during the period. Finally, Natixis purchased a new stake in shares of Boston Properties during the second quarter worth approximately $28,277,000. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Price Performance

BXP stock opened at $65.66 on Friday. The company has a market capitalization of $10.30 billion, a P/E ratio of 12.16 and a beta of 1.08. Boston Properties, Inc. has a twelve month low of $63.39 and a twelve month high of $133.11. The business has a 50 day simple moving average of $69.96 and a 200-day simple moving average of $73.17. The company has a current ratio of 4.19, a quick ratio of 4.08 and a debt-to-equity ratio of 1.73.

Boston Properties (NYSE:BXP – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.06). The firm had revenue of $789.82 million during the quarter, compared to analyst estimates of $732.90 million. Boston Properties had a net margin of 27.31% and a return on equity of 10.31%. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, equities analysts anticipate that Boston Properties, Inc. will post 7.15 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Friday, December 30th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Thursday, December 29th. Boston Properties’s dividend payout ratio is presently 72.59%.

Analyst Ratings Changes

BXP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Boston Properties from a “buy” rating to a “hold” rating and cut their target price for the stock from $91.00 to $74.00 in a research note on Wednesday, January 4th. Mizuho cut their target price on shares of Boston Properties from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, January 4th. Wells Fargo & Company cut their target price on shares of Boston Properties to $76.00 in a research note on Wednesday, December 14th. Truist Financial upped their target price on shares of Boston Properties from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Finally, Morgan Stanley increased their price target on shares of Boston Properties from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $86.25.

Boston Properties Company Profile

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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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