Mutual of America Capital Management LLC Raises Stock Position in Boston Properties, Inc. (NYSE:BXP)

Mutual of America Capital Management LLC raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP – Get Rating) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,972 shares of the real estate investment trust’s stock after acquiring an additional 204 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boston Properties were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of BXP. National Bank of Canada FI purchased a new position in shares of Boston Properties during the 4th quarter worth $51,000. Janney Montgomery Scott LLC boosted its stake in shares of Boston Properties by 2.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 27,832 shares of the real estate investment trust’s stock worth $3,206,000 after acquiring an additional 571 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Boston Properties by 0.3% during the 4th quarter. State of Michigan Retirement System now owns 35,751 shares of the real estate investment trust’s stock worth $4,118,000 after acquiring an additional 100 shares during the last quarter. National Asset Management Inc. boosted its stake in shares of Boston Properties by 16.4% during the 4th quarter. National Asset Management Inc. now owns 3,692 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 521 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Boston Properties during the 4th quarter worth $2,769,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Boston Properties Stock Performance

Boston Properties stock opened at $90.08 on Friday. The company’s 50-day moving average price is $95.01 and its 200-day moving average price is $111.97. Boston Properties, Inc. has a twelve month low of $84.86 and a twelve month high of $133.11. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.65. The company has a market cap of $14.12 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15.

Boston Properties (NYSE:BXP – Get Rating) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.64. Boston Properties had a net margin of 22.04% and a return on equity of 8.19%. During the same period in the prior year, the firm posted $1.72 EPS. On average, equities research analysts forecast that Boston Properties, Inc. will post 7.48 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be paid a dividend of $0.98 per share. The ex-dividend date is Wednesday, June 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.35%. Boston Properties’s dividend payout ratio is presently 93.33%.

Analyst Upgrades and Downgrades

BXP has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Boston Properties from $120.00 to $112.00 and set a “sell” rating on the stock in a research note on Wednesday, May 25th. Mizuho lowered their target price on shares of Boston Properties from $135.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boston Properties from $139.00 to $104.00 in a research note on Wednesday, July 20th. Morgan Stanley lowered their target price on shares of Boston Properties from $104.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 19th. Finally, Piper Sandler cut shares of Boston Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $120.00 to $100.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $110.36.

Boston Properties Profile

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Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.