Foresight Group Ltd Liability Partnership Sells 4,426 Shares of Boston Properties, Inc. (NYSE:BXP)

Foresight Group Ltd Liability Partnership decreased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,645 shares of the real estate investment trust’s stock after selling 4,426 shares during the period. Boston Properties makes up approximately 0.7% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 19th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Boston Properties were worth $1,234,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Boston Properties by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 386 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Boston Properties by 61.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 547 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Boston Properties by 14.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,715 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 715 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BXP. Wedbush raised Boston Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Truist Financial raised their target price on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Finally, Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.00.

Boston Properties Price Performance

BXP opened at $72.47 on Friday. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 0.46 and a beta of 1.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties, Inc. has a 12-month low of $56.46 and a 12-month high of $90.11. The business’s fifty day simple moving average is $77.52 and its 200-day simple moving average is $75.91.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The business had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same quarter in the previous year, the company earned $1.86 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.98 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.41%. Boston Properties’s dividend payout ratio is currently 169.70%.

Boston Properties Company 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.