Mutual of America Capital Management LLC Sells 330 Shares of Boston Properties, Inc. (NYSE:BXP)

Mutual of America Capital Management LLC lessened its position in Boston Properties, Inc. (NYSE:BXP) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,892 shares of the real estate investment trust’s stock after selling 330 shares during the period. Mutual of America Capital Management LLC’s holdings in Boston Properties were worth $1,440,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 386 shares during the period. UMB Bank n.a. lifted its position in shares of Boston Properties by 115.5% in the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 380 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 395 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 547 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Boston Properties during the 2nd quarter worth approximately $91,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BXP. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. Truist Financial raised their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Barclays upped their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Wedbush raised their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Evercore ISI upped their target price on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Boston Properties currently has an average rating of “Hold” and a consensus target price of $80.92.

Boston Properties Price Performance

Boston Properties stock opened at $82.14 on Tuesday. The stock has a 50-day moving average price of $82.34 and a two-hundred day moving average price of $71.96. Boston Properties, Inc. has a 12 month low of $52.61 and a 12 month high of $90.11. The company has a market capitalization of $12.99 billion, a PE ratio of 35.56, a P/E/G ratio of 0.55 and a beta of 1.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The business had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. During the same quarter last year, the business earned $1.86 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.98 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.77%. Boston Properties’s payout ratio is 169.70%.

Boston Properties Company 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.