Northern Trust Corp lowered its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 2.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,568,701 shares of the real estate investment trust’s stock after selling 60,842 shares during the period. Northern Trust Corp owned approximately 1.66% of Boston Properties worth $322,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BXP. Daiwa Securities Group Inc. lifted its stake in Boston Properties by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,891,935 shares of the real estate investment trust’s stock valued at $488,127,000 after acquiring an additional 715,086 shares during the period. Resolution Capital Ltd lifted its stake in shares of Boston Properties by 85.7% in the 2nd quarter. Resolution Capital Ltd now owns 1,214,443 shares of the real estate investment trust’s stock worth $152,315,000 after purchasing an additional 560,624 shares during the period. Heitman Real Estate Securities LLC lifted its stake in shares of Boston Properties by 418.3% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 583,675 shares of the real estate investment trust’s stock worth $78,922,000 after purchasing an additional 471,065 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Boston Properties by 21.1% in the 2nd quarter. Centersquare Investment Management LLC now owns 2,540,552 shares of the real estate investment trust’s stock worth $318,636,000 after purchasing an additional 443,338 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Boston Properties by 330.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 319,795 shares of the real estate investment trust’s stock worth $40,109,000 after purchasing an additional 245,500 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.

Several brokerages have recently weighed in on BXP. ValuEngine cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 price objective on shares of Boston Properties in a research note on Wednesday, August 1st. Stifel Nicolaus increased their price objective on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Barclays reiterated a “buy” rating and issued a $134.00 price objective on shares of Boston Properties in a research note on Tuesday, August 21st. Finally, TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $132.79.

NYSE BXP opened at $126.86 on Monday. Boston Properties, Inc. has a 12 month low of $111.57 and a 12 month high of $132.82. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.33 and a beta of 0.56. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The firm had revenue of $664.48 million for the quarter, compared to the consensus estimate of $667.92 million. During the same quarter in the previous year, the business posted $1.67 EPS. Boston Properties’s revenue was up 1.2% on a year-over-year basis. analysts expect that Boston Properties, Inc. will post 6.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, September 27th.

Boston Properties Profile

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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

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