Teachers Retirement System of The State of Kentucky lessened its holdings in Boston Properties, Inc. (NYSE:BXP) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boston Properties were worth $2,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. TLP Group LLC lifted its position in Boston Properties by 172.5% in the 2nd quarter. TLP Group LLC now owns 2,766 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 1,751 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Boston Properties by 8.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 248,232 shares of the real estate investment trust’s stock worth $30,538,000 after purchasing an additional 19,610 shares in the last quarter. Advisor Group Inc. increased its holdings in Boston Properties by 10.5% during the 2nd quarter. Advisor Group Inc. now owns 4,265 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 405 shares in the last quarter. Cibc World Markets Corp increased its holdings in Boston Properties by 35.5% during the 2nd quarter. Cibc World Markets Corp now owns 21,750 shares of the real estate investment trust’s stock worth $2,676,000 after purchasing an additional 5,699 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Boston Properties by 0.5% during the 2nd quarter. California Public Employees Retirement System now owns 365,848 shares of the real estate investment trust’s stock worth $45,007,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

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Shares of Boston Properties, Inc. (BXP) opened at 122.36 on Wednesday. Boston Properties, Inc. has a 12 month low of $113.69 and a 12 month high of $140.13. The stock’s 50 day moving average price is $121.25 and its 200 day moving average price is $124.36. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 41.48 and a beta of 0.65.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The company had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Boston Properties, Inc. will post $2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 2.45%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

Several analysts have recently commented on BXP shares. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research note on Friday, September 1st. Barclays PLC cut their target price on Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Royal Bank Of Canada cut Boston Properties from a “top pick” rating to an “outperform” rating and cut their target price for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Boston Properties currently has a consensus rating of “Hold” and an average target price of $134.55.

Boston Properties Company 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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