Boston Properties, Inc. (NYSE:BXP) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 47.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,835 shares of the real estate investment trust's stock after purchasing an additional 31,636 shares during the period. Raymond James & Associates owned about 0.06% of Boston Properties worth $6,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BXP. Manchester Capital Management LLC boosted its stake in shares of Boston Properties by 435.9% during the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 340 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Boston Properties by 59.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust's stock worth $69,000 after buying an additional 395 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Boston Properties during the fourth quarter worth about $93,000. Sound Income Strategies LLC raised its position in shares of Boston Properties by 198.1% in the first quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 949 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Boston Properties during the first quarter valued at approximately $108,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com raised Boston Properties from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. Wedbush upped their price objective on shares of Boston Properties from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Truist Financial raised their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a research report on Tuesday. Evercore ISI boosted their target price on shares of Boston Properties from $76.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Boston Properties from $66.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.92.

Insider Transactions at Boston Properties

In related news, EVP Peter V. Otteni sold 4,785 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.35% of the company's stock.

Boston Properties Stock Up 0.1 %

Shares of NYSE:BXP traded up $0.10 during midday trading on Wednesday, hitting $74.30. 654,729 shares of the company's stock traded hands, compared to its average volume of 1,302,912. Boston Properties, Inc. has a twelve month low of $50.64 and a twelve month high of $74.91. The company has a market cap of $11.67 billion, a PE ratio of 60.90, a P/E/G ratio of 0.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.77 and a current ratio of 4.83. The firm's fifty day moving average price is $67.00 and its two-hundred day moving average price is $63.94.

Boston Properties (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million during the quarter, compared to analysts' expectations of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. Boston Properties's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 EPS. On average, equities research analysts anticipate that Boston Properties, Inc. will post 7.12 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.28%. Boston Properties's dividend payout ratio is currently 321.31%.

About Boston Properties

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.