Mutual of America Capital Management LLC Sells 873 Shares of Boston Properties, Inc. (NYSE:BXP)

Mutual of America Capital Management LLC lessened its position in Boston Properties, Inc. (NYSE:BXP) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,318 shares of the real estate investment trust’s stock after selling 873 shares during the period. Mutual of America Capital Management LLC’s holdings in Boston Properties were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in Boston Properties during the fourth quarter worth about $29,000. Sound Income Strategies LLC boosted its stake in shares of Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 424 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Boston Properties during the 4th quarter worth approximately $34,000. Sentry Investment Management LLC bought a new stake in Boston Properties in the 3rd quarter valued at $47,000. Finally, ING Groep NV bought a new stake in Boston Properties in the 3rd quarter valued at $61,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on BXP shares. BMO Capital Markets decreased their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Truist Financial decreased their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $57.00 to $80.00 in a research report on Tuesday, January 2nd. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Barclays lowered their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.44.

Boston Properties Trading Up 1.9 %

Shares of Boston Properties stock opened at $61.34 on Tuesday. The firm’s 50-day moving average price is $63.33 and its two-hundred day moving average price is $62.76. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 50.69 and a beta of 1.15. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. Boston Properties, Inc. has a 12-month low of $46.80 and a 12-month high of $73.97.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The firm had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that Boston Properties, Inc. will post 7.12 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.39%. Boston Properties’s dividend payout ratio (DPR) is currently 323.97%.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.35% of the stock is owned by corporate insiders.

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.