Profund Advisors LLC lifted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,729 shares of the real estate investment trust’s stock after acquiring an additional 1,624 shares during the period. Profund Advisors LLC’s holdings in Boston Properties were worth $1,197,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia raised its position in shares of Boston Properties by 917.9% during the 1st quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock valued at $4,651,000 after acquiring an additional 31,676 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Boston Properties by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock valued at $2,939,641,000 after acquiring an additional 398,674 shares in the last quarter. Credit Suisse AG raised its position in shares of Boston Properties by 7.4% during the 1st quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock valued at $92,519,000 after acquiring an additional 48,354 shares in the last quarter. Eii Capital Management Inc. raised its position in shares of Boston Properties by 59.7% during the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $3,814,000 after acquiring an additional 11,590 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Boston Properties by 2.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,146 shares of the real estate investment trust’s stock valued at $2,008,000 after acquiring an additional 400 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on the company. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Barclays PLC dropped their price target on Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Royal Bank Of Canada lowered Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, BidaskClub lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $134.55.

Boston Properties, Inc. (BXP) opened at 120.78 on Thursday. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $140.26. The company’s 50-day moving average price is $121.20 and its 200-day moving average price is $125.10. The company has a market capitalization of $18.64 billion, a P/E ratio of 40.94 and a beta of 0.64.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The business had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. Boston Properties’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. On average, equities analysts forecast that Boston Properties, Inc. will post $2.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.48%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

Boston Properties 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.

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

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