Sustainable Insight Capital Management LLC Has $265,000 Holdings in Boston Properties, Inc. (NYSE:BXP)

Sustainable Insight Capital Management LLC raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BXP. Vanguard Group Inc. grew its position in Boston Properties by 0.5% during the first quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock valued at $1,539,289,000 after purchasing an additional 122,583 shares in the last quarter. Norges Bank acquired a new position in shares of Boston Properties in the fourth quarter worth $890,848,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Boston Properties by 3.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,502,079 shares of the real estate investment trust’s stock worth $294,031,000 after acquiring an additional 166,105 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Boston Properties by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,228,879 shares of the real estate investment trust’s stock valued at $156,407,000 after purchasing an additional 22,074 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in Boston Properties by 29.8% in the first quarter. Earnest Partners LLC now owns 2,094,625 shares of the real estate investment trust’s stock valued at $136,800,000 after purchasing an additional 480,961 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Price Performance

BXP opened at $74.55 on Friday. The company has a fifty day moving average price of $68.84 and a two-hundred day moving average price of $64.40. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83. The firm has a market capitalization 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 52 week low of $50.64 and a 52 week high of $75.73.

Boston Properties (NYSE:BXP) last released its quarterly earnings data 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 net margin of 5.01% and a return on equity of 2.05%. The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. During the same quarter in the prior year, the company posted $1.86 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.26%. The ex-dividend date was Friday, June 28th. Boston Properties’s payout ratio is presently 321.31%.

Analysts Set New Price Targets

BXP has been the subject of several research reports. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Piper Sandler lifted their price objective on shares of Boston Properties from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday. Evercore ISI boosted their price target on Boston Properties from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Truist Financial increased their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Barclays decreased their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.50.

Insiders Place Their Bets

In other Boston Properties 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 can be accessed through this link. Company insiders own 1.35% of the company’s stock.

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.