Teachers Insurance & Annuity Association of America reduced its stake in Boston Properties, Inc. (NYSE:BXP) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,212 shares of the real estate investment trust’s stock after selling 4,164 shares during the period. Boston Properties makes up 0.7% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 26th biggest position. Teachers Insurance & Annuity Association of America owned approximately 0.10% of Boston Properties worth $18,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Boston Properties by 2,333.7% during the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock valued at $1,939,871,000 after purchasing an additional 14,048,513 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Boston Properties by 45.5% during the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock valued at $522,026,000 after purchasing an additional 1,233,425 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Boston Properties by 1.8% during the first 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 purchasing an additional 398,674 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Boston Properties by 43.8% during the second quarter. APG Asset Management N.V. now owns 963,876 shares of the real estate investment trust’s stock valued at $118,576,000 after purchasing an additional 293,526 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Boston Properties by 23.8% during the first quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock valued at $157,250,000 after purchasing an additional 228,052 shares in the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on BXP shares. BidaskClub raised Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a report on Friday, September 1st. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $121.00 price target on shares of Boston Properties in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $134.55.

Shares of Boston Properties, Inc. (NYSE BXP) traded down 0.31% during mid-day trading on Monday, reaching $122.02. The company’s stock had a trading volume of 157,196 shares. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $140.26. The firm’s 50-day moving average price is $121.26 and its 200 day moving average price is $125.50. The firm has a market cap of $18.83 billion, a P/E ratio of 41.36 and a beta of 0.64.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.45%. Boston Properties’s payout ratio is 102.04%.

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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.

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

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