Steward Partners Investment Advisory LLC Buys 140 Shares of Boston Properties, Inc. (NYSE:BXP)

Steward Partners Investment Advisory LLC lifted its position in Boston Properties, Inc. (NYSE:BXPGet Rating) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,430 shares of the real estate investment trust’s stock after purchasing an additional 140 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Boston Properties were worth $184,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Boston Properties in the first quarter worth $115,000. Signaturefd LLC grew its position in Boston Properties by 13.5% in the first quarter. Signaturefd LLC now owns 1,040 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 124 shares in the last quarter. Park Avenue Securities LLC grew its position in Boston Properties by 27.3% in the first quarter. Park Avenue Securities LLC now owns 4,202 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 900 shares in the last quarter. Abundance Wealth Counselors purchased a new position in Boston Properties in the first quarter worth $300,000. Finally, Keybank National Association OH grew its position in Boston Properties by 53.3% in the first quarter. Keybank National Association OH now owns 3,082 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the subject of several research reports. Mizuho cut their target price on shares of Boston Properties from $135.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Morgan Stanley cut their price target on shares of Boston Properties from $104.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Truist Financial cut their price target on shares of Boston Properties from $130.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Piper Sandler lowered shares of Boston Properties from an “overweight” rating to a “neutral” rating and cut their price target for the company from $120.00 to $100.00 in a research report on Thursday. Finally, The Goldman Sachs Group cut their price target on shares of Boston Properties from $120.00 to $112.00 and set a “sell” rating for the company in a research report on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.36.

Boston Properties Stock Performance

Boston Properties stock opened at $91.16 on Monday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average of $94.73 and a 200-day moving average of $111.57. The firm has a market cap of $14.29 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.06 and a beta of 1.15. Boston Properties, Inc. has a 1-year low of $84.86 and a 1-year high of $133.11.

Boston Properties (NYSE:BXPGet 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 quarter last year, the company earned $1.72 earnings per share. Sell-side analysts expect that Boston Properties, Inc. will post 7.48 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Wednesday, June 29th. Boston Properties’s payout ratio is currently 93.33%.

About Boston Properties

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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.

Further Reading

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

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