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

Highland Capital Management LLC lowered its holdings in Boston Properties, Inc. (NYSE:BXPGet Rating) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,314 shares of the real estate investment trust’s stock after selling 236 shares during the quarter. Highland Capital Management LLC’s holdings in Boston Properties were worth $3,587,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Boston Properties by 4,800.0% in the first quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 192 shares in the last quarter. Tcwp LLC purchased a new position in shares of Boston Properties in the first quarter valued at $26,000. Chilton Capital Management LLC purchased a new position in shares of Boston Properties in the fourth quarter valued at $29,000. Riverview Trust Co purchased a new position in shares of Boston Properties in the first quarter valued at $30,000. Finally, CENTRAL TRUST Co increased its position in shares of Boston Properties by 1,792.9% in the first quarter. CENTRAL TRUST Co now owns 265 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Boston Properties Stock Up 0.5 %

Shares of NYSE:BXP opened at $77.84 on Friday. The stock’s 50-day moving average price is $85.39 and its two-hundred day moving average price is $102.49. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 1.71. Boston Properties, Inc. has a 12-month low of $75.91 and a 12-month high of $133.11. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.79 and a beta of 1.14.

Boston Properties (NYSE:BXPGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.64. Boston Properties had a return on equity of 8.17% and a net margin of 22.04%. During the same period last year, the company posted $1.72 EPS. On average, research analysts forecast that Boston Properties, Inc. will post 7.52 EPS for the current year.

Boston Properties Announces Dividend

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

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 22,472 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was 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 the SEC website. 1.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BXP shares. Piper Sandler dropped their price target on Boston Properties from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, September 15th. Morgan Stanley dropped their price objective on Boston Properties from $80.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, September 9th. Mizuho dropped their price objective on Boston Properties from $135.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. UBS Group dropped their price objective on Boston Properties from $131.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Finally, Credit Suisse Group began coverage on Boston Properties in a research report on Wednesday, June 22nd. They set an “outperform” rating and a $108.00 price objective for the company. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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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