Mutual of America Capital Management LLC Has $1.44 Million Stake in Boston Properties, Inc. (NYSE:BXP)

Mutual of America Capital Management LLC lessened its stake in Boston Properties, Inc. (NYSE:BXP) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BXP. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 acquiring an additional 386 shares during the last quarter. UMB Bank n.a. lifted its holdings in 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 period. Abich Financial Wealth Management LLC boosted its stake in 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 acquiring an additional 395 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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. bought a new stake in shares of Boston Properties during the 2nd quarter valued at $91,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Boston Properties

In related news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on BXP shares. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. UBS Group boosted their target price on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays upped their price target on 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 lifted their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.92.

Boston Properties Stock Performance

BXP opened at $82.14 on Tuesday. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 0.55 and a beta of 1.18. The business’s 50-day moving average price is $82.34 and its two-hundred day moving average price is $71.96. Boston Properties, Inc. has a 1 year low of $52.61 and a 1 year high of $90.11. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last announced its earnings results 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 firm had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same period in the prior year, the business posted $1.86 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Boston Properties, Inc. will post 7.1 EPS for the current fiscal year.

Boston Properties Dividend Announcement

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

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.