Northwestern Mutual Wealth Management Co. Has $89,000 Stock Position in Boston Properties, Inc. (NYSE:BXP)

Northwestern Mutual Wealth Management Co. grew its holdings in Boston Properties, Inc. (NYSE:BXP) by 61.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,438 shares of the real estate investment trust’s stock after acquiring an additional 547 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Boston Properties were worth $89,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Earnest Partners LLC boosted its holdings in Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock valued at $162,348,000 after purchasing an additional 542,610 shares during the period. Sei Investments Co. grew its position in Boston Properties by 32.9% during the second quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock worth $92,567,000 after buying an additional 371,946 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Boston Properties by 206.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 508,961 shares of the real estate investment trust’s stock valued at $33,240,000 after acquiring an additional 342,939 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Boston Properties by 108.1% in the 1st quarter. Principal Financial Group Inc. now owns 498,733 shares of the real estate investment trust’s stock valued at $32,572,000 after acquiring an additional 259,074 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Boston Properties during the 1st quarter valued at $16,729,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Boston Properties Stock Performance

NYSE:BXP opened at $82.97 on Friday. The stock’s 50-day moving average is $75.49 and its 200-day moving average is $67.04. Boston Properties, Inc. has a 1-year low of $50.64 and a 1-year high of $83.85. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 1.90. The stock has a market cap of $13.03 billion, a P/E ratio of 76.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 2.05% and a net margin of 5.01%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 earnings per share. Equities research analysts anticipate that Boston Properties, Inc. will post 7.11 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.72%. The ex-dividend date is Monday, September 30th. Boston Properties’s payout ratio is presently 366.36%.

Analysts Set New Price Targets

BXP has been the subject of a number of analyst reports. Scotiabank boosted their price target on Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a research note on Wednesday, September 11th. Evercore ISI upped their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Truist Financial lifted their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Wells Fargo & Company upped their target price on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Finally, StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average price target of $74.83.

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.