Abundance Wealth Counselors Acquires 1,379 Shares of Boston Properties, Inc. (NYSE:BXP)

Abundance Wealth Counselors boosted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 31.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,772 shares of the real estate investment trust’s stock after buying an additional 1,379 shares during the quarter. Abundance Wealth Counselors’ holdings in Boston Properties were worth $377,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. acquired a new position in Boston Properties during the fourth quarter valued at $29,000. Manchester Capital Management LLC lifted its position in 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 purchasing an additional 340 shares during the period. Sound Income Strategies LLC lifted its position in Boston Properties by 770.9% during the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Boston Properties during the fourth quarter valued at $34,000. Finally, Cambridge Trust Co. lifted its position in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 250 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Barclays cut their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective on shares of Boston Properties in a report on Thursday, June 20th. Evercore ISI cut their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.60.

Boston Properties Stock Down 0.2 %

Shares of NYSE BXP opened at $61.43 on Thursday. Boston Properties, Inc. has a 12-month low of $50.64 and a 12-month high of $73.97. The stock has a market cap of $9.65 billion, a PE ratio of 50.35, a P/E/G ratio of 0.40 and a beta of 1.18. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average of $61.05 and a 200 day moving average of $64.19.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business had revenue of $839.44 million for the quarter, compared to analysts’ expectations of $808.68 million. During the same period in the prior year, the company posted $1.73 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that Boston Properties, Inc. will post 7.04 EPS for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 6.38%. Boston Properties’s dividend payout ratio is presently 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.