Citigroup Inc. boosted its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,025 shares of the real estate investment trust’s stock after buying an additional 44,199 shares during the quarter. Citigroup Inc. owned 0.12% of Boston Properties worth $22,638,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 valued at $1,939,871,000 after purchasing an additional 14,048,513 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $522,026,000 after purchasing an additional 1,233,425 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 valued at $2,939,641,000 after purchasing an additional 398,674 shares during the period. APG Asset Management N.V. boosted its stake in shares of 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 valued at $118,576,000 after purchasing an additional 293,526 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Boston Properties by 23.8% in the first quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock valued at $157,250,000 after purchasing an additional 228,052 shares during the period. 94.58% of the stock is owned by institutional investors.

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

Boston Properties, Inc. (NYSE BXP) traded up 0.68% during mid-day trading on Wednesday, reaching $120.45. 154,715 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $121.20 and its 200-day moving average price is $125.10. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $140.26. The company has a market capitalization of $18.59 billion, a P/E ratio of 40.83 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 Thomson Reuters’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same period last year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Boston Properties, Inc. will post $2.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, September 28th. Boston Properties’s dividend payout ratio is presently 102.04%.

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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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