Chevy Chase Trust Holdings Inc. raised its position in shares of Boston Properties, Inc. (NYSE:BXP) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,342 shares of the real estate investment trust’s stock after acquiring an additional 2,045 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Boston Properties worth $16,631,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Boston Properties by 2.4% in the second quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock valued at $1,844,893,000 after buying an additional 346,189 shares during the period. APG Asset Management US Inc. boosted its stake in shares of Boston Properties by 1.1% in the third quarter. APG Asset Management US Inc. now owns 6,541,092 shares of the real estate investment trust’s stock valued at $803,769,000 after buying an additional 69,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Boston Properties by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 4,045,846 shares of the real estate investment trust’s stock valued at $496,710,000 after buying an additional 228,106 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Boston Properties by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 3,759,436 shares of the real estate investment trust’s stock valued at $462,486,000 after buying an additional 17,992 shares during the period. Finally, Boston Partners boosted its stake in shares of Boston Properties by 0.4% in the third quarter. Boston Partners now owns 2,576,787 shares of the real estate investment trust’s stock valued at $316,636,000 after buying an additional 9,060 shares during the period. Institutional investors own 95.57% of the company’s stock.

Several equities research analysts recently issued reports on BXP shares. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research note on Friday, September 1st. Mizuho restated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. SunTrust Banks restated a “hold” rating and set a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Evercore ISI restated an “in-line” rating and set a $133.00 price objective (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Barclays lowered their price objective on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $132.80.

Shares of Boston Properties, Inc. (NYSE:BXP) traded up $0.39 on Tuesday, reaching $125.05. 511,300 shares of the company’s stock traded hands, compared to its average volume of 679,414. Boston Properties, Inc. has a 1-year low of $116.77 and a 1-year high of $140.13. The firm has a market capitalization of $19,300.00, a P/E ratio of 19.91, a P/E/G ratio of 3.56 and a beta of 0.63. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. equities analysts expect that Boston Properties, Inc. will post 6.25 earnings per share for the current year.

In other news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now directly owns 585 shares in the company, valued at $72,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

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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.

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

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