Forsta AP Fonden decreased its stake in Boston Properties, Inc. (NYSE:BXP) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,625 shares of the real estate investment trust’s stock after selling 16,000 shares during the period. Forsta AP Fonden’s holdings in Boston Properties were worth $3,154,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC acquired a new position in shares of Boston Properties in the 3rd quarter valued at $202,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Boston Properties in the 3rd quarter valued at $209,000. Atria Investments LLC acquired a new position in shares of Boston Properties in the 3rd quarter valued at $226,000. Piedmont Investment Advisors LLC acquired a new position in shares of Boston Properties in the 2nd quarter valued at $227,000. Finally, Zions Bancorporation acquired a new position in shares of Boston Properties in the 3rd quarter valued at $251,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Several brokerages have recently issued reports on BXP. Stifel Nicolaus upped their target price on shares of Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. Barclays restated a “buy” rating and issued a $134.00 target price on shares of Boston Properties in a report on Tuesday, August 21st. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. SunTrust Banks upped their target price on shares of Boston Properties to $137.00 and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $134.67.

Shares of NYSE:BXP opened at $124.81 on Wednesday. The firm has a market cap of $19.22 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.26 and a beta of 0.57. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.36. Boston Properties, Inc. has a 1-year low of $111.57 and a 1-year high of $132.82.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The firm had revenue of $686.28 million during the quarter, compared to analysts’ expectations of $674.30 million. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. Boston Properties’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. As a group, research analysts expect that Boston Properties, Inc. will post 6.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, September 27th.

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Boston Properties Profile

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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

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