Boston Properties, Inc. (NYSE:BXP) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its holdings in shares of Boston Properties, Inc. (NYSE:BXPGet Rating) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,314 shares of the real estate investment trust’s stock after selling 236 shares during the period. Highland Capital Management LLC’s holdings in Boston Properties were worth $3,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Birch Hill Investment Advisors LLC increased its holdings in Boston Properties by 26.1% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 72,900 shares of the real estate investment trust’s stock worth $6,487,000 after acquiring an additional 15,100 shares in the last quarter. Sarasin & Partners LLP increased its holdings in Boston Properties by 9.0% in the 2nd quarter. Sarasin & Partners LLP now owns 79,788 shares of the real estate investment trust’s stock worth $7,100,000 after acquiring an additional 6,610 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Boston Properties by 49.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,492 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 829 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Boston Properties by 12.3% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,411 shares of the real estate investment trust’s stock worth $2,528,000 after acquiring an additional 3,104 shares in the last quarter. Finally, DnB Asset Management AS increased its holdings in Boston Properties by 13.0% in the 2nd quarter. DnB Asset Management AS now owns 32,929 shares of the real estate investment trust’s stock worth $2,930,000 after acquiring an additional 3,796 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Stock Up 0.5 %

Shares of NYSE:BXP opened at $77.84 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 4.35 and a quick ratio of 4.35. The firm has a market capitalization of $12.20 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The firm’s 50-day moving average is $85.39 and its two-hundred day moving average is $102.49. Boston Properties, Inc. has a 1 year low of $75.91 and a 1 year high of $133.11.

Boston Properties (NYSE:BXPGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share (EPS) 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 8.17%. During the same quarter last year, the firm earned $1.72 EPS. Analysts predict that Boston Properties, Inc. will post 7.52 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a dividend of $0.98 per share. The ex-dividend date is Thursday, September 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.04%. Boston Properties’s payout ratio is 93.33%.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 22,472 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $89.96, for a total transaction of $2,021,581.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of research reports. Jefferies Financial Group dropped their target price on shares of Boston Properties from $112.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Truist Financial dropped their target price on shares of Boston Properties from $105.00 to $102.00 and set a “hold” rating for the company in a report on Wednesday, September 14th. UBS Group lowered their price target on shares of Boston Properties from $131.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. Wells Fargo & Company lowered their price target on shares of Boston Properties from $105.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 30th. Finally, Sumitomo Mitsui Financial Group cut shares of Boston Properties from an “outperform” rating to a “neutral” rating and set a $93.00 price target on the stock. in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and an average target price of $100.43.

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.

See Also

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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