APG Asset Management N.V. Increases Position in Boston Properties, Inc. (BXP)

APG Asset Management N.V. boosted its position in Boston Properties, Inc. (NYSE:BXP) by 43.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 963,876 shares of the real estate investment trust’s stock after buying an additional 293,526 shares during the period. APG Asset Management N.V. owned approximately 0.63% of Boston Properties worth $118,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BXP. Forsta AP Fonden increased its position in Boston Properties by 160.1% in the second quarter. Forsta AP Fonden now owns 46,300 shares of the real estate investment trust’s stock worth $5,696,000 after buying an additional 28,500 shares during the period. Spirit of America Management Corp NY increased its position in Boston Properties by 6.1% in the second quarter. Spirit of America Management Corp NY now owns 24,250 shares of the real estate investment trust’s stock worth $2,983,000 after buying an additional 1,400 shares during the period. LS Investment Advisors LLC increased its position in Boston Properties by 3.8% in the second quarter. LS Investment Advisors LLC now owns 4,974 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 180 shares during the period. Eqis Capital Management Inc. increased its position in Boston Properties by 4.5% in the second quarter. Eqis Capital Management Inc. now owns 7,411 shares of the real estate investment trust’s stock worth $912,000 after buying an additional 319 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in Boston Properties by 509.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 24,981 shares of the real estate investment trust’s stock worth $3,073,000 after buying an additional 20,880 shares during the period. Hedge funds and other institutional investors own 94.52% of the company’s stock.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at 120.05 on Friday. The firm’s 50-day moving average price is $121.48 and its 200 day moving average price is $127.72. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $143.90. The stock has a market capitalization of $18.53 billion, a P/E ratio of 40.69 and a beta of 0.64.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Boston Properties, Inc. will post $2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.50%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

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A number of research analysts have weighed in on the company. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC cut their price target on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $121.00 price target on shares of Boston Properties in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $135.64.

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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