Hartford Investment Management Co. increased its position in Boston Properties, Inc. (NYSE:BXP) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 38,188 shares of the company’s stock after buying an additional 525 shares during the period. Hartford Investment Management Co.’s holdings in Boston Properties were worth $5,205,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Boston Properties by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,860 shares of the company’s stock worth $662,000 after buying an additional 20 shares during the period. Private Vista LLC boosted its stake in shares of Boston Properties by 1.0% in the third quarter. Private Vista LLC now owns 3,014 shares of the company’s stock worth $345,000 after buying an additional 29 shares during the period. Bartlett & Co. LLC boosted its stake in shares of Boston Properties by 0.4% in the second quarter. Bartlett & Co. LLC now owns 10,180 shares of the company’s stock worth $1,343,000 after buying an additional 42 shares during the period. West Oak Capital LLC boosted its stake in shares of Boston Properties by 2.7% in the third quarter. West Oak Capital LLC now owns 1,900 shares of the company’s stock worth $259,000 after buying an additional 50 shares during the period. Finally, Quadrant Capital Management LLC boosted its stake in shares of Boston Properties by 0.4% in the third quarter. Quadrant Capital Management LLC now owns 22,130 shares of the company’s stock worth $3,016,000 after buying an additional 84 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Boston Properties, Inc. (NYSE:BXP) traded down 0.49% during mid-day trading on Friday, hitting $128.38. The stock had a trading volume of 158,752 shares. Boston Properties, Inc. has a 12 month low of $107.28 and a 12 month high of $144.02. The firm has a market cap of $19.74 billion, a PE ratio of 39.99 and a beta of 0.62. The stock’s 50-day moving average is $126.30 and its 200 day moving average is $131.43.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by $0.01. The firm earned $625.23 million during the quarter, compared to analysts’ expectations of $621.99 million. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. Equities research analysts predict that Boston Properties, Inc. will post $2.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be paid a $0.75 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.33%. Boston Properties’s payout ratio is 93.46%.

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Several analysts have weighed in on the company. Zacks Investment Research raised Boston Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price objective (down from $152.00) on shares of Boston Properties in a research report on Monday. Barclays PLC reiterated a “buy” rating and set a $143.00 price objective on shares of Boston Properties in a research report on Thursday, December 1st. KeyCorp lowered Boston Properties to an “overweight” rating in a research report on Wednesday, December 21st. Finally, Royal Bank Of Canada reduced their price target on Boston Properties from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, October 27th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Boston Properties presently has a consensus rating of “Hold” and a consensus price target of $141.78.

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. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.

5 Day Chart for NYSE:BXP

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