Tokio Marine Asset Management Co. Ltd. decreased its position in Boston Properties, Inc. (NYSE:BXP) by 30.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,742 shares of the real estate investment trust’s stock after selling 759 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Boston Properties were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Boston Properties by 2,333.7% in the first quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock worth $1,939,871,000 after buying an additional 14,048,513 shares in the last quarter. JPMorgan Chase & Co. increased its position in Boston Properties by 45.5% in the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock worth $522,026,000 after buying an additional 1,233,425 shares in the last quarter. Vanguard Group Inc. increased its position in Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after buying an additional 398,674 shares in the last quarter. American Century Companies Inc. increased its position in Boston Properties by 45.7% in the first quarter. American Century Companies Inc. now owns 1,213,152 shares of the real estate investment trust’s stock worth $160,633,000 after buying an additional 380,500 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in Boston Properties by 43.8% in the second quarter. APG Asset Management N.V. now owns 963,876 shares of the real estate investment trust’s stock worth $118,576,000 after buying an additional 293,526 shares in the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at 122.75 on Tuesday. The firm has a market capitalization of $18.89 billion, a PE ratio of 45.30 and a beta of 0.64. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $144.02. The stock has a 50 day moving average price of $122.34 and a 200 day moving average price of $128.10.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 earnings per share. Analysts predict that Boston Properties, Inc. will post $2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Wednesday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

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BXP has been the topic of a number of research reports. TheStreet downgraded Boston Properties from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. Barclays PLC raised their price target on Boston Properties from $139.00 to $141.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Evercore ISI restated an “in-line” rating and set a $133.00 price target (down previously from $138.00) on shares of Boston Properties in a research note on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating and set a $150.00 price target on shares of Boston Properties in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $121.00 price target on shares of Boston Properties in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $136.33.

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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