Boston Properties, Inc. (NYSE:BXP) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership trimmed its position in Boston Properties, Inc. (NYSE:BXP - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,645 shares of the real estate investment trust's stock after selling 4,426 shares during the period. Boston Properties accounts for approximately 0.7% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 19th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Boston Properties were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 386 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Boston Properties by 5,025.0% in 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. Brooklyn Investment Group acquired a new stake in shares of Boston Properties in the third quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. boosted its stake in Boston Properties by 61.4% during 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 purchasing an additional 547 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Boston Properties during the 2nd quarter valued at about $116,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Stock Performance

Shares of Boston Properties stock traded up $0.88 during trading on Friday, reaching $73.32. The company's stock had a trading volume of 1,086,606 shares, compared to its average volume of 958,979. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a market cap of $11.59 billion, a PE ratio of 31.74, a P/E/G ratio of 0.46 and a beta of 1.18. Boston Properties, Inc. has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The company has a 50-day moving average price of $77.32 and a two-hundred day moving average price of $75.89.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. On average, analysts forecast that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.35%. The ex-dividend date is Tuesday, December 31st. Boston Properties's payout ratio is 169.70%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BXP. Jefferies Financial Group dropped their target price on Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Compass Point raised Boston Properties from a "neutral" rating to a "buy" rating and boosted their target price for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Wedbush raised shares of Boston Properties from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays lifted their target price on Boston Properties from $88.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Finally, Scotiabank reiterated a "sector perform" rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $82.00.

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.