New Mexico Educational Retirement Board trimmed its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 24.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,023 shares of the real estate investment trust’s stock after selling 2,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Boston Properties were worth $832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in Boston Properties by 6.2% during the 1st quarter. Janus Henderson Group PLC now owns 35,932 shares of the real estate investment trust’s stock worth $3,311,000 after purchasing an additional 2,113 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Boston Properties by 60.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 56,728 shares of the real estate investment trust’s stock worth $5,232,000 after purchasing an additional 21,307 shares in the last quarter. APG Asset Management N.V. grew its stake in Boston Properties by 387.5% during the 1st quarter. APG Asset Management N.V. now owns 91,117 shares of the real estate investment trust’s stock worth $8,404,000 after purchasing an additional 72,426 shares in the last quarter. Jane Street Group LLC acquired a new position in Boston Properties during the 1st quarter worth $1,947,000. Finally, United Capital Financial Advisers LLC grew its stake in Boston Properties by 5.2% during the 1st quarter. United Capital Financial Advisers LLC now owns 12,653 shares of the real estate investment trust’s stock worth $1,167,000 after purchasing an additional 626 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Boston Properties stock opened at $87.24 on Tuesday. Boston Properties, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $147.83. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market capitalization of $13.55 billion, a P/E ratio of 12.25, a PEG ratio of 2.48 and a beta of 1.05. The stock has a 50-day simple moving average of $88.23 and a 200-day simple moving average of $113.17.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $3.20 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $752.60 million during the quarter, compared to the consensus estimate of $761.83 million. During the same period in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that Boston Properties, Inc. will post 7.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Monday, June 29th. Boston Properties’s dividend payout ratio is presently 55.92%.

Several research analysts recently commented on BXP shares. Morgan Stanley lowered their target price on Boston Properties from $130.00 to $91.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. TheStreet downgraded Boston Properties from a “b-” rating to a “c+” rating in a report on Wednesday, March 25th. SunTrust Banks raised Boston Properties from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Tuesday, June 9th. Citigroup decreased their price target on Boston Properties from $146.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $123.92.

In related news, Director Bruce W. Duncan acquired 5,000 shares of Boston Properties stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $75.47 per share, with a total value of $377,350.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce W. Duncan acquired 11,000 shares of Boston Properties stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $89.14 per share, with a total value of $980,540.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 18,000 shares of company stock valued at $1,513,890. 0.98% of the stock is owned by company insiders.

Boston Properties 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.

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

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