Federated Investors Inc. PA raised its stake in Boston Properties, Inc. (NYSE:BXP) by 91.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,007 shares of the real estate investment trust’s stock after acquiring an additional 961 shares during the quarter. Federated Investors Inc. PA’s holdings in Boston Properties were worth $252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BXP. BlackRock Inc. increased its stake in Boston Properties by 1.1% in the second quarter. BlackRock Inc. now owns 15,893,856 shares of the real estate investment trust’s stock valued at $1,993,407,000 after purchasing an additional 169,036 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Boston Properties by 22.5% in the second 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 purchasing an additional 715,086 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Boston Properties by 21.1% in the second quarter. Centersquare Investment Management LLC now owns 2,540,552 shares of the real estate investment trust’s stock valued at $318,636,000 after purchasing an additional 443,338 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Boston Properties by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,356,660 shares of the real estate investment trust’s stock valued at $295,571,000 after purchasing an additional 28,969 shares during the last quarter. Finally, Boston Partners increased its stake in Boston Properties by 2.6% in the second quarter. Boston Partners now owns 2,154,300 shares of the real estate investment trust’s stock valued at $270,192,000 after purchasing an additional 54,601 shares during the last quarter. 95.31% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. ValuEngine lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Stifel Nicolaus upped their target price on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 target price on shares of Boston Properties in a research note on Wednesday, August 1st. Finally, Deutsche Bank upped their target price on Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $132.79.

Shares of NYSE:BXP opened at $121.38 on Thursday. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.24 and a beta of 0.56. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.34. Boston Properties, Inc. has a 12 month low of $111.57 and a 12 month high of $132.82.

Boston Properties (NYSE:BXP) last announced 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 for the quarter, compared to analyst estimates of $667.92 million. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 earnings per share. research analysts predict that Boston Properties, Inc. will post 6.37 EPS for the current fiscal year.

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 annualized dividend and a yield of 2.64%.

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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