Boston Partners Acquires 54,601 Shares of Boston Properties, Inc. (BXP)

Boston Partners boosted its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,154,300 shares of the real estate investment trust’s stock after buying an additional 54,601 shares during the period. Boston Partners’ holdings in Boston Properties were worth $270,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Boston Properties by 1.5% during the first quarter. BlackRock Inc. now owns 15,724,820 shares of the real estate investment trust’s stock worth $1,937,615,000 after buying an additional 235,331 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Boston Properties by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 4,141,991 shares of the real estate investment trust’s stock worth $510,377,000 after buying an additional 356,355 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Boston Properties by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 3,891,935 shares of the real estate investment trust’s stock worth $488,127,000 after buying an additional 715,086 shares in the last quarter. Northern Trust Corp boosted its stake in Boston Properties by 2.5% during the first quarter. Northern Trust Corp now owns 2,629,543 shares of the real estate investment trust’s stock worth $324,012,000 after buying an additional 64,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Boston Properties by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,327,691 shares of the real estate investment trust’s stock worth $286,819,000 after buying an additional 63,228 shares in the last quarter. Hedge funds and other institutional investors own 95.84% of the company’s stock.

Shares of NYSE BXP opened at $129.31 on Friday. The firm has a market cap of $20.03 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.53 and a beta of 0.57. Boston Properties, Inc. has a 52-week low of $111.57 and a 52-week high of $132.00. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 3.14.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.73). The company had revenue of $664.48 million for the quarter, compared to the consensus estimate of $667.92 million. Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. sell-side analysts predict that Boston Properties, Inc. will post 6.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Friday, June 29th were issued a $0.80 dividend. The ex-dividend date was Thursday, June 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.47%.

BXP has been the topic of a number of recent research reports. Deutsche Bank lifted their price target on shares of Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Tuesday, June 26th. ValuEngine upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, June 24th. Jefferies Financial Group reissued a “hold” rating and set a $118.00 price objective on shares of Boston Properties in a report on Wednesday, August 1st. TheStreet raised Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. Finally, Stifel Nicolaus lifted their price objective on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.86.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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

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