Neuberger Berman Group LLC Sells 20,463 Shares of Boston Properties, Inc. (BXP)

Neuberger Berman Group LLC trimmed its holdings in Boston Properties, Inc. (NYSE:BXP) by 8.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,880 shares of the real estate investment trust’s stock after selling 20,463 shares during the period. Neuberger Berman Group LLC owned 0.14% of Boston Properties worth $26,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BXP. American Century Companies Inc. raised its position in shares of Boston Properties by 44.4% in the third quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock valued at $174,528,000 after buying an additional 436,901 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Boston Properties by 173.1% in the third quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock valued at $76,326,000 after buying an additional 393,612 shares during the last quarter. BlackRock Inc. raised 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 valued at $1,844,893,000 after buying an additional 346,189 shares during the last quarter. PGGM Investments raised its position in shares of Boston Properties by 15.7% in the third quarter. PGGM Investments now owns 2,215,458 shares of the real estate investment trust’s stock valued at $272,235,000 after buying an additional 301,163 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Boston Properties by 55.5% in the third quarter. Russell Investments Group Ltd. now owns 671,288 shares of the real estate investment trust’s stock valued at $82,489,000 after buying an additional 239,453 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

Shares of Boston Properties, Inc. (BXP) opened at $126.94 on Friday. Boston Properties, Inc. has a 12-month low of $116.77 and a 12-month high of $140.13. The stock has a market cap of $19,730.11, a PE ratio of 20.42, a P/E/G ratio of 3.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The firm had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. During the same period last year, the business earned $1.42 earnings per share. Boston Properties’s revenue was up 5.2% compared to the same quarter last year. analysts predict that Boston Properties, Inc. will post 6.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is presently 93.75%.

A number of equities research analysts have recently commented on the stock. Jefferies Group reiterated a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Argus reduced their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Royal Bank of Canada set a $140.00 price objective on shares of Boston Properties and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, SunTrust Banks restated a “hold” rating and set a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Boston Properties presently has an average rating of “Hold” and a consensus price target of $132.80.

In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.17% of the company’s stock.

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Boston Properties 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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