New Mexico Educational Retirement Board reduced its stake in Boston Properties, Inc. (NYSE:BXP) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,635 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Boston Properties were worth $4,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Vista LLC increased its position in Boston Properties by 0.6% in the first quarter. Private Vista LLC now owns 3,048 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 17 shares during the period. United Asset Strategies Inc. increased its position in Boston Properties by 1.0% in the first quarter. United Asset Strategies Inc. now owns 7,972 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 81 shares during the period. Pacer Advisors Inc. increased its position in Boston Properties by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,449 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 110 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Boston Properties by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,101 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 112 shares during the period. Finally, Shell Asset Management Co. increased its position in Boston Properties by 1.0% in the first quarter. Shell Asset Management Co. now owns 13,632 shares of the real estate investment trust’s stock valued at $1,805,000 after buying an additional 139 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties, Inc. (NYSE:BXP) traded down 1.02% during mid-day trading on Friday, reaching $119.83. The company’s stock had a trading volume of 866,242 shares. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $143.65. The firm’s 50 day moving average is $121.09 and its 200-day moving average is $127.39. The company has a market cap of $18.49 billion, a PE ratio of 40.62 and a beta of 0.64.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.50%. Boston Properties’s dividend payout ratio is presently 102.04%.

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Several brokerages recently issued reports on BXP. Jefferies Group LLC reissued a “hold” rating and set a $121.00 target price on shares of Boston Properties in a research note on Friday, July 14th. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reissued a “buy” rating and set a $150.00 target price on shares of Boston Properties in a research note on Wednesday, July 5th. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Boston Properties currently has an average rating of “Hold” and a consensus price target of $134.73.

About Boston Properties

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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