Northwestern Mutual Wealth Management Co. lifted its stake in Boston Properties, Inc. (NYSE:BXP) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,574 shares of the real estate investment trust’s stock after purchasing an additional 61 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Boston Properties were worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BXP. BlackRock Inc. grew its holdings in shares of Boston Properties by 2,333.7% in the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock worth $1,939,871,000 after purchasing an additional 14,048,513 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Boston Properties by 45.5% in the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock worth $522,026,000 after purchasing an additional 1,233,425 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after purchasing an additional 398,674 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Boston Properties by 43.8% in the second quarter. APG Asset Management N.V. now owns 963,876 shares of the real estate investment trust’s stock worth $118,576,000 after purchasing an additional 293,526 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Boston Properties by 23.8% in the first quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock worth $157,250,000 after purchasing an additional 228,052 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and cut their price target for the stock from $150.00 to $140.00 in a report on Thursday, August 17th. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 target price on shares of Boston Properties in a report on Friday, July 14th. BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. TheStreet upgraded shares of Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $127.00 target price on shares of Boston Properties in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $134.55.

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Shares of Boston Properties, Inc. (NYSE BXP) opened at 122.40 on Friday. The firm’s 50 day moving average is $121.26 and its 200 day moving average is $125.50. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.26. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 41.49 and a beta of 0.64.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same period in the previous year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Boston Properties, Inc. will post $2.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.45%. Boston Properties’s dividend payout ratio is presently 102.04%.

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.

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

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