State of New Jersey Common Pension Fund D cut its stake in Boston Properties, Inc. (NYSE:BXP) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,000 shares of the real estate investment trust’s stock after selling 24,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of Boston Properties worth $19,078,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in Boston Properties during the second quarter worth approximately $227,000. Atria Investments LLC bought a new stake in Boston Properties during the third quarter worth approximately $226,000. Fieldpoint Private Securities LLC boosted its holdings in Boston Properties by 53.6% during the second quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 700 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Boston Properties by 91.9% during the second quarter. Federated Investors Inc. PA now owns 2,007 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 961 shares in the last quarter. Finally, Lourd Capital LLC bought a new stake in Boston Properties during the third quarter worth approximately $262,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Shares of NYSE:BXP opened at $116.95 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 4.02. The company has a market capitalization of $17.99 billion, a P/E ratio of 19.00, a PEG ratio of 3.06 and a beta of 0.55. Boston Properties, Inc. has a 52 week low of $111.57 and a 52 week high of $132.82.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 annualized dividend and a dividend yield of 2.74%.

A number of brokerages recently weighed in on BXP. Barclays restated a “buy” rating and set a $134.00 target price on shares of Boston Properties in a report on Tuesday, August 21st. SunTrust Banks raised their target price on shares of Boston Properties to $137.00 and gave the stock a “hold” rating in a report on Monday, August 20th. Stifel Nicolaus raised their target price on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. Finally, Jefferies Financial Group restated a “hold” rating and set a $118.00 target price on shares of Boston Properties in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Boston Properties currently has an average rating of “Hold” and an average price target of $133.69.

Boston Properties Company 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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