Boston Properties, Inc. (BXP) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD cut its stake in Boston Properties, Inc. (NYSE:BXP) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,022 shares of the real estate investment trust’s stock after selling 1,069 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Boston Properties were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Boston Properties by 2.4% in the second quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock worth $1,844,893,000 after acquiring an additional 346,189 shares during the last quarter. APG Asset Management US Inc. lifted its position in Boston Properties by 1.1% during the third quarter. APG Asset Management US Inc. now owns 6,541,092 shares of the real estate investment trust’s stock valued at $803,769,000 after buying an additional 69,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Boston Properties by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 3,759,436 shares of the real estate investment trust’s stock valued at $462,486,000 after buying an additional 17,992 shares in the last quarter. Boston Partners lifted its position in Boston Properties by 4.2% during the second quarter. Boston Partners now owns 2,567,727 shares of the real estate investment trust’s stock valued at $315,881,000 after buying an additional 102,358 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Boston Properties by 1.0% during the second quarter. Northern Trust Corp now owns 2,401,500 shares of the real estate investment trust’s stock valued at $295,432,000 after buying an additional 23,724 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.

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Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a return on equity of 6.45% and a net margin of 19.42%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.44%. Boston Properties’s payout ratio is currently 93.75%.

A number of research analysts have weighed in on BXP shares. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $124.00 price target on shares of Boston Properties in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $134.50.

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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