QS Investors LLC raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 22.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,888 shares of the real estate investment trust’s stock after acquiring an additional 2,179 shares during the quarter. QS Investors LLC’s holdings in Boston Properties were worth $1,462,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Motco lifted its holdings in shares of Boston Properties by 0.9% during the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 34 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Boston Properties by 1.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 61 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Boston Properties by 6.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 127 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Boston Properties by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 137 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Boston Properties by 4.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,292 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 150 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

BXP has been the subject of several research reports. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a report on Friday, September 1st. Barclays PLC reduced their price target on Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Zacks Investment Research lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. Finally, Evercore ISI restated an “in-line” rating and issued a $133.00 target price (up from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $134.17.

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Boston Properties, Inc. (NYSE:BXP) opened at 127.10 on Wednesday. The stock’s 50 day moving average price is $121.93 and its 200-day moving average price is $124.11. Boston Properties, Inc. has a one year low of $113.69 and a one year high of $140.13. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 43.08 and a beta of 0.65.

Boston Properties (NYSE:BXP) last released 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 Zacks’ 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 company had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. During the same period last year, the firm posted $1.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Boston Properties, Inc. will post $2.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.36%. Boston Properties’s payout ratio is 102.04%.

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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