Axa lowered its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,905 shares of the real estate investment trust’s stock after selling 15,488 shares during the quarter. Axa owned approximately 0.09% of Boston Properties worth $17,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Motco increased its holdings in Boston Properties by 0.9% in the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Boston Properties by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 61 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Boston Properties by 6.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 127 shares in the last quarter. MML Investors Services LLC increased its holdings in Boston Properties by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 137 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Boston Properties by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares in the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Boston Properties, Inc. (NYSE BXP) opened at $130.96 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a fifty-two week low of $116.77 and a fifty-two week high of $140.13. The stock has a market cap of $19,970.85, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 3.70 and a beta of 0.63.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. During the same period last year, the firm posted $1.42 EPS. The company’s revenue was up 5.2% on a year-over-year basis. equities research analysts anticipate that Boston Properties, Inc. will post 6.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.80 per share. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is 93.75%.

Several equities research analysts recently issued reports on the stock. Barclays reduced their target price on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, August 31st. Argus reduced their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Evercore ISI reissued an “in-line” rating and issued a $133.00 target price (up from $127.00) on shares of Boston Properties in a report on Friday, October 6th. KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Finally, Mizuho reissued a “hold” rating and issued a $122.00 target price on shares of Boston Properties in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $132.80.

In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the sale, the insider now directly owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

WARNING: “Axa Trims Stake in Boston Properties, Inc. (BXP)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.watchlistnews.com/axa-trims-stake-in-boston-properties-inc-bxp/1772948.html.

About Boston Properties

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.