Foresight Group Ltd Liability Partnership Sells 6,323 Shares of Boston Properties, Inc. (NYSE:BXP)

Foresight Group Ltd Liability Partnership reduced its holdings in shares of Boston Properties, Inc. (NYSE:BXP - Free Report) by 23.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,071 shares of the real estate investment trust's stock after selling 6,323 shares during the quarter. Boston Properties comprises 0.7% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 18th biggest position. Foresight Group Ltd Liability Partnership's holdings in Boston Properties were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its stake in Boston Properties by 2.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 133,871 shares of the real estate investment trust's stock valued at $10,771,000 after buying an additional 3,502 shares in the last quarter. Whittier Trust Co. grew its position in shares of Boston Properties by 4.2% in the third quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust's stock valued at $23,844,000 after purchasing an additional 12,018 shares in the last quarter. Raymond James & Associates grew its position in shares of Boston Properties by 11.9% in the third quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust's stock valued at $8,898,000 after purchasing an additional 11,752 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Boston Properties by 60.5% during the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust's stock valued at $456,000 after purchasing an additional 2,138 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Boston Properties by 34.4% during the 3rd quarter. Sound Income Strategies LLC now owns 3,210 shares of the real estate investment trust's stock worth $258,000 after purchasing an additional 821 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Price Performance

BXP stock traded up $0.15 during mid-day trading on Wednesday, hitting $86.97. 1,244,045 shares of the stock were exchanged, compared to its average volume of 1,266,836. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 71.29, a PEG ratio of 0.56 and a beta of 1.18. The business has a fifty day moving average price of $78.89 and a 200 day moving average price of $68.57. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $90.11.

Boston Properties (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share 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 firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. During the same quarter in the previous year, the firm earned $1.86 EPS. The business's quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.98 per share. The ex-dividend date is Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.51%. Boston Properties's dividend payout ratio (DPR) is currently 321.31%.

Insider Activity at Boston Properties

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BXP. StockNews.com raised Boston Properties from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Truist Financial upped their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. Scotiabank raised 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. Wells Fargo & Company boosted their price target on shares of Boston Properties from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Finally, Wedbush increased their price objective on Boston Properties from $63.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.91.

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.