Davis Selected Advisers grew its holdings in Boston Properties, Inc. (NYSE:BXP) by 63.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,572 shares of the real estate investment trust’s stock after purchasing an additional 47,238 shares during the period. Davis Selected Advisers owned approximately 0.08% of Boston Properties worth $14,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its stake in Boston Properties by 25.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,970 shares of the real estate investment trust’s stock worth $2,035,000 after acquiring an additional 3,238 shares in the last quarter. Dupont Capital Management Corp lifted its stake in Boston Properties by 39.2% during the 2nd quarter. Dupont Capital Management Corp now owns 26,168 shares of the real estate investment trust’s stock worth $3,219,000 after acquiring an additional 7,366 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Boston Properties by 27.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 194,966 shares of the real estate investment trust’s stock worth $23,985,000 after acquiring an additional 41,810 shares in the last quarter. SG Americas Securities LLC lifted its stake in Boston Properties by 122.8% during the 2nd quarter. SG Americas Securities LLC now owns 66,918 shares of the real estate investment trust’s stock worth $8,232,000 after acquiring an additional 36,878 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Boston Properties by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,759,436 shares of the real estate investment trust’s stock worth $462,486,000 after acquiring an additional 17,992 shares in the last quarter. 95.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on BXP shares. Royal Bank of Canada lowered Boston Properties from a “top pick” rating to an “outperform” rating and decreased their target price for the stock from $150.00 to $140.00 in a research note on Thursday, August 17th. Barclays reduced their price target 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. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Boston Properties has an average rating of “Hold” and an average target price of $132.80.

Boston Properties, Inc. (BXP) opened at $126.71 on Friday. Boston Properties, Inc. has a 1-year low of $116.77 and a 1-year high of $140.13. The company has a market capitalization of $19,505.57, a PE ratio of 20.19, a PEG ratio of 3.61 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44.

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

In related news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.17% of the company’s stock.

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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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