Mn Services Vermogensbeheer B.V. increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 509.1% during the second quarter, Holdings Channel reports. The institutional investor owned 24,981 shares of the real estate investment trust’s stock after buying an additional 20,880 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Boston Properties were worth $3,073,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BXP. National Pension Service raised its position in shares of Boston Properties by 10.3% in the second quarter. National Pension Service now owns 147,429 shares of the real estate investment trust’s stock valued at $18,160,000 after buying an additional 13,730 shares in the last quarter. Bank of Montreal Can raised its position in shares of Boston Properties by 27.2% in the second quarter. Bank of Montreal Can now owns 997,341 shares of the real estate investment trust’s stock valued at $122,693,000 after buying an additional 213,023 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Boston Properties by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 26,700 shares of the real estate investment trust’s stock valued at $3,285,000 after buying an additional 178 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Boston Properties by 71.5% in the first quarter. Perigon Wealth Management LLC now owns 4,796 shares of the real estate investment trust’s stock valued at $639,000 after buying an additional 2,000 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock valued at $4,651,000 after buying an additional 31,676 shares in the last quarter. Institutional investors own 94.43% of the company’s stock.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at 121.70 on Monday. The firm has a market capitalization of $18.72 billion, a P/E ratio of 44.91 and a beta of 0.65. The company’s 50 day moving average price is $123.14 and its 200 day moving average price is $129.11. Boston Properties, Inc. has a one year low of $113.69 and a one year high of $144.02.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by $0.02. The company had revenue of $632.23 million for the quarter, compared to the consensus estimate of $637.34 million. Boston Properties had a return on equity of 5.54% and a net margin of 16.94%. Boston Properties’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, analysts expect that Boston Properties, Inc. will post $2.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.47%. Boston Properties’s payout ratio is currently 111.11%.

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Several brokerages have commented on BXP. BidaskClub upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 price target on shares of Boston Properties in a research note on Friday. Royal Bank Of Canada reiterated a “buy” rating and issued a $150.00 price target on shares of Boston Properties in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $127.00 price target on shares of Boston Properties in a research note on Thursday, June 22nd. Finally, TheStreet lowered shares of Boston Properties from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $138.82.

Boston Properties Company Profile

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.

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

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