Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Boston Properties, Inc. (NYSE:BXP) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,737 shares of the real estate investment trust’s stock after buying an additional 683 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boston Properties were worth $8,201,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BXP. American Century Companies Inc. increased its holdings in shares of Boston Properties by 44.4% in the third quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock valued at $174,528,000 after buying an additional 436,901 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Boston Properties by 173.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock valued at $76,326,000 after purchasing an additional 393,612 shares during the period. BlackRock Inc. raised its stake in Boston Properties by 2.4% during the 2nd quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock valued at $1,844,893,000 after purchasing an additional 346,189 shares during the period. PGGM Investments raised its stake in Boston Properties by 15.7% during the 3rd quarter. PGGM Investments now owns 2,215,458 shares of the real estate investment trust’s stock valued at $272,235,000 after purchasing an additional 301,163 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Boston Properties by 55.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 671,288 shares of the real estate investment trust’s stock valued at $82,489,000 after purchasing an additional 239,453 shares during the period. 94.70% of the stock is currently owned by institutional investors.

Boston Properties, Inc. (BXP) opened at $125.16 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44. Boston Properties, Inc. has a fifty-two week low of $116.77 and a fifty-two week high of $140.13. The company has a market cap of $19,314.94, a price-to-earnings ratio of 19.99, a PEG ratio of 3.58 and a beta of 0.63.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating 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 period in the previous year, the company posted $1.42 EPS. Boston Properties’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, September 28th. Boston Properties’s dividend payout ratio is currently 93.75%.

In other news, insider Bryan J. Koop sold 5,868 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now directly owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.17% of the company’s stock.

Several brokerages have issued reports on BXP. Argus cut their target price on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research note on Friday, November 3rd. Mizuho reissued a “hold” rating and set a $122.00 target price on shares of Boston Properties in a research note on Friday, November 3rd. Jefferies Group LLC reissued a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research note on Tuesday, October 24th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $130.00 target price on shares of Boston Properties in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $133.92.

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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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