Pioneer Investment Management Inc. decreased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 66,900 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. Pioneer Investment Management Inc.’s holdings in Boston Properties were worth $8,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after buying an additional 398,674 shares in the last quarter. BlackRock Inc. increased its position in Boston Properties by 2,333.7% in the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock worth $1,939,871,000 after buying an additional 14,048,513 shares in the last quarter. FMR LLC increased its position in Boston Properties by 1.0% in the first quarter. FMR LLC now owns 9,801,296 shares of the real estate investment trust’s stock worth $1,297,790,000 after buying an additional 101,344 shares in the last quarter. JPMorgan Chase & Co. increased its position in Boston Properties by 45.5% in the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock worth $522,026,000 after buying an additional 1,233,425 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Boston Properties by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 3,741,444 shares of the real estate investment trust’s stock worth $495,403,000 after buying an additional 290,593 shares in the last quarter. 94.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at 120.05 on Friday. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $143.90. The stock has a market capitalization of $18.53 billion, a PE ratio of 40.69 and a beta of 0.64. The company’s 50 day moving average is $121.48 and its 200-day moving average is $127.72.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. On average, equities analysts predict that Boston Properties, Inc. will post $2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 2.50%. Boston Properties’s dividend payout ratio (DPR) is 102.04%.

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A number of research analysts have recently weighed in on BXP shares. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Evercore ISI reissued an “in-line” rating and set a $133.00 target price (down from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. Barclays PLC increased their target price on shares of Boston Properties from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $127.00 target price on shares of Boston Properties in a research report on Thursday, June 22nd. Finally, TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $135.64.

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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