Private Capital Group LLC lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 48.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,415 shares of the real estate investment trust’s stock after buying an additional 462 shares during the period. Private Capital Group LLC’s holdings in Boston Properties were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Wealth Quarterback LLC bought a new stake in shares of Boston Properties in the fourth quarter valued at approximately $10,112,110,000. BlackRock Inc. boosted its stake in shares of Boston Properties by 6.7% in the first quarter. BlackRock Inc. now owns 16,060,750 shares of the real estate investment trust’s stock valued at $1,481,284,000 after buying an additional 1,006,869 shares during the period. Norges Bank bought a new stake in shares of Boston Properties in the fourth quarter valued at approximately $1,797,357,000. Geode Capital Management LLC boosted its stake in shares of Boston Properties by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 2,807,204 shares of the real estate investment trust’s stock valued at $386,393,000 after buying an additional 119,281 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Boston Properties by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,261,193 shares of the real estate investment trust’s stock valued at $311,729,000 after buying an additional 147,291 shares during the period. Institutional investors and hedge funds own 97.17% of the company’s stock.

Several brokerages recently issued reports on BXP. Jefferies Financial Group cut Boston Properties from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a research note on Thursday, April 16th. Stifel Nicolaus cut their target price on Boston Properties from $145.00 to $111.00 and set a “buy” rating for the company in a research note on Friday, April 3rd. Deutsche Bank cut their target price on Boston Properties from $158.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. cut their target price on Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Finally, Robert W. Baird upped their target price on Boston Properties from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Boston Properties presently has an average rating of “Hold” and a consensus price target of $129.58.

In related news, EVP John Francis Powers sold 14,318 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $145.02, for a total value of $2,076,396.36. Following the completion of the sale, the executive vice president now directly owns 581 shares in the company, valued at $84,256.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce W. Duncan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $75.47 per share, with a total value of $377,350.00. The disclosure for this purchase can be found here. Insiders sold a total of 33,655 shares of company stock valued at $4,725,677 over the last quarter. 0.98% of the stock is owned by corporate insiders.

Shares of BXP opened at $74.95 on Friday. Boston Properties, Inc. has a 52 week low of $71.57 and a 52 week high of $147.83. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 3.66 and a beta of 1.10. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.15 and a current ratio of 5.59. The stock has a fifty day moving average of $91.62 and a 200-day moving average of $124.03.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $3.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $2.39. Boston Properties had a return on equity of 11.64% and a net margin of 30.83%. The company had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $761.83 million. During the same period in the prior year, the company earned $0.63 EPS. Boston Properties’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Boston Properties, Inc. will post 7.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, March 30th. Boston Properties’s payout ratio is 55.92%.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Recommended Story: Dollar Cost Averaging

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

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.