Spirit of America Management Corp NY reduced its position in Boston Properties, Inc. (NYSE:BXP) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,150 shares of the real estate investment trust’s stock after selling 2,100 shares during the period. Spirit of America Management Corp NY’s holdings in Boston Properties were worth $2,880,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. National Pension Service boosted its position in Boston Properties by 8.0% in the 4th quarter. National Pension Service now owns 165,760 shares of the real estate investment trust’s stock valued at $21,554,000 after buying an additional 12,279 shares during the last quarter. Bank of Montreal Can boosted its position in Boston Properties by 19.9% in the 4th quarter. Bank of Montreal Can now owns 1,142,341 shares of the real estate investment trust’s stock valued at $148,537,000 after buying an additional 189,260 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Boston Properties by 2.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 53,106 shares of the real estate investment trust’s stock valued at $6,905,000 after buying an additional 1,490 shares during the last quarter. DnB Asset Management AS boosted its position in Boston Properties by 5.7% in the 4th quarter. DnB Asset Management AS now owns 16,640 shares of the real estate investment trust’s stock valued at $2,164,000 after buying an additional 900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Boston Properties by 15.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 271,919 shares of the real estate investment trust’s stock valued at $33,413,000 after buying an additional 35,776 shares during the last quarter. 95.34% of the stock is owned by institutional investors.

A number of research firms have weighed in on BXP. SunTrust Banks reissued a “hold” rating and issued a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Robert W. Baird reaffirmed a “hold” rating and set a $125.00 price target on shares of Boston Properties in a research report on Tuesday, January 9th. BMO Capital Markets cut shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price target on the stock. in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the stock a “buy” rating in a research report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Boston Properties presently has an average rating of “Hold” and an average price target of $131.00.

In related news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now owns 585 shares in the company, valued at $72,861.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company’s stock.

Shares of Boston Properties, Inc. (NYSE:BXP) traded down $0.77 during mid-day trading on Wednesday, hitting $121.56. 826,700 shares of the stock traded hands, compared to its average volume of 801,750. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a twelve month low of $116.77 and a twelve month high of $140.13. The company has a market capitalization of $18,760.00, a PE ratio of 37.87, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. During the same quarter last year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts expect that Boston Properties, Inc. will post 6.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be given a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, December 28th. This represents a $3.20 annualized dividend and a dividend yield of 2.63%. Boston Properties’s dividend payout ratio (DPR) is presently 99.69%.

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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.

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

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