Boston Properties, Inc. (NYSE:BXP) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise increased its position in Boston Properties, Inc. (NYSE:BXP) by 473.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,144 shares of the real estate investment trust’s stock after buying an additional 9,200 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Boston Properties were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Boston Properties by 2.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 4,239 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 97 shares during the period. Page Arthur B lifted its holdings in shares of Boston Properties by 1.4% during the second quarter. Page Arthur B now owns 7,055 shares of the real estate investment trust’s stock valued at $808,000 after purchasing an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Boston Properties by 49.3% during the second quarter. Cullen Frost Bankers Inc. now owns 448 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 148 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Boston Properties by 2.5% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 6,482 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 156 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Boston Properties by 1.5% during the first quarter. Elo Mutual Pension Insurance Co now owns 10,668 shares of the real estate investment trust’s stock valued at $1,080,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

In other Boston Properties news, EVP Raymond A. Ritchey sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The stock was sold at an average price of $113.15, for a total value of $5,091,750.00. Following the completion of the sale, the executive vice president now owns 18,410 shares in the company, valued at approximately $2,083,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Peter V. Otteni sold 5,027 shares of the stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $113.36, for a total value of $569,860.72. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Shares of NYSE BXP opened at $108.80 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.75 and a current ratio of 4.75. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of 56.37, a P/E/G ratio of 2.93 and a beta of 1.22. The business’s 50-day simple moving average is $114.37 and its 200-day simple moving average is $112.29. Boston Properties, Inc. has a 52 week low of $69.69 and a 52 week high of $124.24.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Monday, July 26th. The real estate investment trust reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.14. The business had revenue of $713.81 million for the quarter, compared to analyst estimates of $691.17 million. Boston Properties had a return on equity of 3.86% and a net margin of 11.30%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, equities research analysts forecast that Boston Properties, Inc. will post 6.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, September 30th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $3.92 annualized dividend and a yield of 3.60%. Boston Properties’s payout ratio is 62.32%.

Several brokerages have recently commented on BXP. Barclays began coverage on Boston Properties in a report on Wednesday, September 1st. They set an “overweight” rating and a $134.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on Boston Properties from $107.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, June 25th. Argus upped their price target on Boston Properties from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, August 2nd. Mizuho initiated coverage on Boston Properties in a research report on Wednesday, July 14th. They set a “neutral” rating and a $115.00 price target on the stock. Finally, Truist Securities upped their price target on Boston Properties from $109.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, June 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $114.71.

Boston Properties Profile

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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