Commonwealth Bank of Australia grew its position in Boston Properties, Inc. (NYSE:BXP) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,077 shares of the real estate investment trust’s stock after purchasing an additional 127 shares during the quarter. Commonwealth Bank of Australia’s holdings in Boston Properties were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Vista LLC raised its holdings in shares of Boston Properties by 0.6% in the 1st quarter. Private Vista LLC now owns 3,048 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 17 shares in the last quarter. Motco raised its holdings in shares of Boston Properties by 0.9% in the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 34 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of Boston Properties by 1.0% in the 1st quarter. United Asset Strategies Inc. now owns 7,972 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 81 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Boston Properties by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,449 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 110 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Boston Properties by 4.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,292 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.

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A number of equities research analysts have recently weighed in on BXP shares. Barclays PLC reduced their price objective on shares of Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, September 1st. BidaskClub upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Jefferies Group LLC restated a “hold” rating and issued a $121.00 price objective on shares of Boston Properties in a report on Friday, July 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $150.00 price objective on shares of Boston Properties in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $134.55.

Boston Properties, Inc. (NYSE BXP) opened at 121.68 on Tuesday. The company has a 50 day moving average of $121.24 and a 200-day moving average of $125.21. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.26. The stock has a market capitalization of $18.78 billion, a P/E ratio of 41.25 and a beta of 0.64.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million for the quarter, compared to analysts’ expectations of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm’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. Equities research analysts anticipate that Boston Properties, Inc. will post $2.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.47%. Boston Properties’s dividend payout ratio (DPR) is 102.04%.

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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