Sustainable Insight Capital Management LLC Boosts Stake in Boston Properties, Inc. (NYSE:BXP)

Sustainable Insight Capital Management LLC boosted its holdings in Boston Properties, Inc. (NYSE:BXP) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,300 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Boston Properties were worth $265,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its stake in shares of Boston Properties by 435.9% in 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. UMB Bank n.a. increased its position in Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 395 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Boston Properties during the 4th quarter worth $93,000. Finally, Sound Income Strategies LLC lifted its position in Boston Properties by 198.1% during the first quarter. Sound Income Strategies LLC now owns 1,428 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 949 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Trading Down 0.1 %

Shares of NYSE:BXP opened at $74.55 on Friday. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The company’s 50-day moving average price is $68.84 and its 200 day moving average price is $64.40. The company has a market cap of $11.71 billion, a PE ratio of 61.11, a P/E/G ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $75.73.

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

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Friday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Insider Transactions at Boston Properties

In related news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The stock was 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 through this hyperlink. Company insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BXP shares. Wedbush upped their price objective on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Truist Financial lifted their price objective on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Scotiabank increased their target price on shares of Boston Properties from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Barclays reduced 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 report on Friday, May 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Boston Properties in a research report on Thursday, June 20th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.50.

Boston Properties Profile

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.