American Century Companies Inc. Cuts Stock Position in Boston Properties, Inc. (NYSE:BXP)

American Century Companies Inc. cut its position in shares of Boston Properties, Inc. (NYSE:BXP) by 27.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,564 shares of the real estate investment trust’s stock after selling 124,427 shares during the quarter. American Century Companies Inc.’s holdings in Boston Properties were worth $20,473,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Boston Properties during the first quarter valued at approximately $1,187,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Boston Properties by 387.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock valued at $4,900,000 after purchasing an additional 55,501 shares during the last quarter. Perpetual Ltd purchased a new position in Boston Properties in the 1st quarter worth $1,205,000. SG Americas Securities LLC lifted its stake in Boston Properties by 76.8% in the second quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock worth $6,786,000 after purchasing an additional 47,882 shares during the last quarter. Finally, M&G Plc purchased a new stake in Boston Properties during the first quarter valued at about $3,807,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their target price on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday. Wedbush increased their price objective on Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Morgan Stanley restated an “equal weight” rating and issued a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Scotiabank upped their price target on shares of Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a report on Wednesday, September 11th. 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 report on Friday, May 24th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.08.

Boston Properties Price Performance

BXP stock opened at $82.31 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. Boston Properties, Inc. has a 1 year low of $50.64 and a 1 year high of $83.85. The firm has a 50-day moving average of $71.94 and a 200 day moving average of $65.26. The company has a market cap of $12.93 billion, a P/E ratio of 67.47, a PEG ratio of 0.35 and a beta of 1.18.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. During the same period in the prior year, the company posted $1.86 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Insider Buying and Selling

In related news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. In other news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

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.