MetLife Investment Advisors LLC cut its position in Boston Properties, Inc. (NYSE:BXP) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,441 shares of the real estate investment trust’s stock after selling 1,006 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Boston Properties were worth $5,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BXP. Thrivent Financial for Lutherans raised its stake in shares of Boston Properties by 37.7% in the first quarter. Thrivent Financial for Lutherans now owns 121,058 shares of the real estate investment trust’s stock valued at $14,917,000 after buying an additional 33,114 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Boston Properties by 28.4% in the first quarter. Neuberger Berman Group LLC now owns 278,053 shares of the real estate investment trust’s stock valued at $34,558,000 after buying an additional 61,429 shares during the period. Korea Investment CORP raised its stake in shares of Boston Properties by 2.2% in the first quarter. Korea Investment CORP now owns 144,242 shares of the real estate investment trust’s stock valued at $17,773,000 after buying an additional 3,115 shares during the period. Tredje AP fonden raised its stake in shares of Boston Properties by 16.0% in the first quarter. Tredje AP fonden now owns 14,064 shares of the real estate investment trust’s stock valued at $1,744,000 after buying an additional 1,940 shares during the period. Finally, 6 Meridian bought a new stake in shares of Boston Properties in the first quarter valued at $446,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.

NYSE:BXP opened at $125.96 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.02 and a current ratio of 4.02. Boston Properties, Inc. has a 52-week low of $111.57 and a 52-week high of $132.82. The firm has a market cap of $19.69 billion, a P/E ratio of 20.80, a P/E/G ratio of 3.35 and a beta of 0.56.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The company had revenue of $664.48 million for the quarter, compared to the consensus estimate of $667.92 million. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. research analysts forecast that Boston Properties, Inc. will post 6.37 earnings per share for the current year.

Several analysts have issued reports on BXP shares. ValuEngine upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, June 24th. SunTrust Banks boosted their target price on Boston Properties to $137.00 and gave the company a “hold” rating in a research note on Monday, August 20th. Barclays restated a “buy” rating and issued a $134.00 target price on shares of Boston Properties in a research note on Tuesday, August 21st. Deutsche Bank boosted their target price on Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $118.00 target price on shares of Boston Properties in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $132.79.

Boston Properties Profile

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

Further Reading: What is the Book Value of a Share?

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

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