Brooklyn Investment Group Buys 142 Shares of Boston Properties, Inc. (NYSE:BXP)

Brooklyn Investment Group lifted its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 19.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 858 shares of the real estate investment trust’s stock after acquiring an additional 142 shares during the period. Brooklyn Investment Group’s holdings in Boston Properties were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Earnest Partners LLC lifted its stake in Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after purchasing an additional 542,610 shares during the last quarter. Sei Investments Co. lifted its position in Boston Properties by 32.9% in the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock worth $92,567,000 after buying an additional 371,946 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Boston Properties by 30.4% in the second quarter. Hsbc Holdings PLC now owns 394,467 shares of the real estate investment trust’s stock worth $24,216,000 after buying an additional 91,954 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Boston Properties by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 376,155 shares of the real estate investment trust’s stock valued at $23,156,000 after acquiring an additional 16,469 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Boston Properties by 4.2% during the third quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust’s stock worth $23,844,000 after acquiring an additional 12,018 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Price Performance

Shares of NYSE BXP opened at $73.32 on Monday. Boston Properties, Inc. has a 1 year low of $56.46 and a 1 year high of $90.11. The stock has a market capitalization of $11.59 billion, a P/E ratio of 31.74, a P/E/G ratio of 0.46 and a beta of 1.18. The company’s 50-day moving average is $77.13 and its 200 day moving average is $76.07. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

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

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Scotiabank reiterated a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a report on Thursday, November 7th. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and increased their target price for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. Wedbush upgraded Boston Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays raised their target price on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Boston Properties has a consensus rating of “Hold” and an average price target of $82.00.

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.