St. Johns Investment Management Company LLC cut its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,542 shares of the real estate investment trust’s stock after selling 719 shares during the period. St. Johns Investment Management Company LLC’s holdings in Boston Properties were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BXP. Sun Life Financial INC increased its position in shares of Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,113 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Boston Properties in the first quarter worth approximately $200,000. Garner Asset Management Corp bought a new position in shares of Boston Properties in the second quarter worth approximately $214,000. Clinton Group Inc. bought a new position in shares of Boston Properties in the second quarter worth approximately $236,000. Finally, MML Investors Services LLC increased its position in shares of Boston Properties by 7.3% in the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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Boston Properties, Inc. (NYSE:BXP) traded up 0.02% during mid-day trading on Monday, hitting $122.95. The stock had a trading volume of 48,503 shares. Boston Properties, Inc. has a 12 month low of $113.69 and a 12 month high of $140.13. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 41.68 and a beta of 0.65. The stock’s 50-day moving average price is $123.41 and its 200-day moving average price is $123.93.

Boston Properties (NYSE:BXP) last released its 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. The firm had revenue of $656.90 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. On average, analysts predict that Boston Properties, Inc. will post $2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 28th. Boston Properties’s dividend payout ratio is currently 102.04%.

BXP has been the topic of several research analyst reports. TheStreet upgraded shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $150.00 price objective on shares of Boston Properties in a research report on Wednesday, July 5th. BidaskClub upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Jefferies Group LLC restated a “hold” rating and issued a $121.00 price objective on shares of Boston Properties in a research report on Friday, July 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $132.91.

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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