Guggenheim Capital LLC decreased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 3.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,138 shares of the real estate investment trust’s stock after selling 1,824 shares during the period. Guggenheim Capital LLC’s holdings in Boston Properties were worth $4,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. State of Tennessee Treasury Department increased its position in shares of Boston Properties by 279.9% during the 1st quarter. State of Tennessee Treasury Department now owns 502,051 shares of the real estate investment trust’s stock valued at $46,304,000 after purchasing an additional 369,911 shares during the last quarter. Tredje AP fonden boosted its stake in Boston Properties by 19.7% in the first quarter. Tredje AP fonden now owns 11,273 shares of the real estate investment trust’s stock worth $1,040,000 after buying an additional 1,857 shares in the last quarter. 1832 Asset Management L.P. grew its position in Boston Properties by 10.5% during the first quarter. 1832 Asset Management L.P. now owns 49,881 shares of the real estate investment trust’s stock valued at $4,628,000 after acquiring an additional 4,740 shares during the last quarter. Quantum Capital Management raised its stake in shares of Boston Properties by 159.4% during the first quarter. Quantum Capital Management now owns 1,271 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 781 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Boston Properties by 13.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 154,916 shares of the real estate investment trust’s stock worth $14,288,000 after acquiring an additional 18,025 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

In other Boston Properties news, EVP Bryan J. Koop bought 2,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $78.00 per share, with a total value of $156,000.00. Following the completion of the purchase, the executive vice president now owns 2,585 shares of the company’s stock, valued at $201,630. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce W. Duncan bought 11,000 shares of the stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $89.14 per share, with a total value of $980,540.00. The disclosure for this purchase can be found here. Insiders bought a total of 18,000 shares of company stock worth $1,513,890 over the last ninety days. Insiders own 0.98% of the company’s stock.

Shares of BXP opened at $87.24 on Tuesday. Boston Properties, Inc. has a 1-year low of $71.57 and a 1-year high of $147.83. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $88.23 and its 200-day moving average price is $113.17. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.48 and a beta of 1.05.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $2.39. The firm had revenue of $752.60 million for the quarter, compared to the consensus estimate of $761.83 million. Boston Properties had a return on equity of 11.64% and a net margin of 30.83%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. On average, research analysts forecast that Boston Properties, Inc. will post 7.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.49%. The ex-dividend date is Monday, June 29th. Boston Properties’s dividend payout ratio is currently 55.92%.

BXP has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Boston Properties from $147.00 to $118.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th. Stifel Nicolaus lowered their target price on Boston Properties from $145.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, April 3rd. Jefferies Financial Group lowered Boston Properties from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research report on Thursday, April 16th. Deutsche Bank decreased their price target on Boston Properties from $158.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Citigroup dropped their price objective on Boston Properties from $146.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $123.92.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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