Toronto Dominion Bank reduced its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,664 shares of the real estate investment trust’s stock after selling 23,153 shares during the quarter. Toronto Dominion Bank owned about 0.08% of Boston Properties worth $15,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rational Advisors LLC grew its stake in shares of Boston Properties by 66.4% during the first quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Boston Properties by 112.4% during the second quarter. Advisory Services Network LLC now owns 257 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 136 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Boston Properties by 1,804.8% during the second quarter. Cullen Frost Bankers Inc. now owns 400 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 379 shares during the last quarter. CWM LLC grew its stake in shares of Boston Properties by 17,500.0% during the second quarter. CWM LLC now owns 528 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 525 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in Boston Properties by 20.6% in the second quarter. NEXT Financial Group Inc now owns 610 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 104 shares during the last quarter. 90.58% of the stock is currently owned by institutional investors and hedge funds.

BXP stock traded down $2.46 during midday trading on Friday, reaching $130.97. The company’s stock had a trading volume of 435,504 shares, compared to its average volume of 551,888. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $140.35. The stock has a market cap of $20.20 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 3.01 and a beta of 0.88. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.51. The business’s 50-day simple moving average is $128.99 and its 200-day simple moving average is $132.35.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.68). The firm had revenue of $733.74 million during the quarter, compared to analyst estimates of $725.14 million. Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. As a group, equities analysts forecast that Boston Properties, Inc. will post 7.03 earnings per share for the current fiscal year.

BXP has been the topic of a number of recent research reports. Morgan Stanley raised shares of Boston Properties from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $123.00 to $126.00 in a research note on Tuesday. They noted that the move was a valuation call. Robert W. Baird set a $152.00 price objective on shares of Boston Properties and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Citigroup reduced their price objective on shares of Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Eight research 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 an average rating of “Hold” and an average target price of $138.04.

About Boston Properties

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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