The Manufacturers Life Insurance Company grew its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,165 shares of the real estate investment trust’s stock after buying an additional 4,764 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Boston Properties worth $20,196,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Boston Properties by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after purchasing an additional 398,674 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Boston Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock worth $1,844,893,000 after purchasing an additional 346,189 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Boston Properties by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,759,436 shares of the real estate investment trust’s stock worth $462,486,000 after purchasing an additional 17,992 shares in the last quarter. Boston Partners lifted its holdings in shares of Boston Properties by 4.2% in the 2nd quarter. Boston Partners now owns 2,567,727 shares of the real estate investment trust’s stock worth $315,881,000 after purchasing an additional 102,358 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Boston Properties by 1.0% in the 2nd quarter. Northern Trust Corp now owns 2,401,500 shares of the real estate investment trust’s stock worth $295,432,000 after purchasing an additional 23,724 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

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A number of brokerages recently issued reports on BXP. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a report on Friday, July 14th. BidaskClub cut Boston Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a report on Wednesday, July 5th. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $132.91.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at 128.38 on Tuesday. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 43.52 and a beta of 0.65. The stock’s 50 day moving average price is $122.65 and its 200 day moving average price is $124.04. Boston Properties, Inc. has a 12 month low of $113.69 and a 12 month high of $140.13.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The business had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. Analysts expect that Boston Properties, Inc. will post $2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, September 28th. Boston Properties’s payout ratio is currently 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.

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

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