Boston Properties, Inc. (BXP) Stake Lessened by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its position in Boston Properties, Inc. (NYSE:BXP) by 59.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,091 shares of the real estate investment trust’s stock after selling 49,266 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Boston Properties were worth $4,303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BXP. Daiwa Securities Group Inc. lifted its position in shares of Boston Properties by 6,461.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,815,988 shares of the real estate investment trust’s stock worth $236,133,000 after purchasing an additional 1,788,312 shares during the period. PGGM Investments lifted its position in shares of Boston Properties by 33.2% in the 4th quarter. PGGM Investments now owns 2,950,000 shares of the real estate investment trust’s stock worth $383,588,000 after purchasing an additional 734,542 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Boston Properties by 173.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock worth $76,326,000 after purchasing an additional 393,612 shares during the period. Resolution Capital Ltd lifted its position in shares of Boston Properties by 100.9% in the 4th quarter. Resolution Capital Ltd now owns 505,898 shares of the real estate investment trust’s stock worth $65,782,000 after purchasing an additional 254,092 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Boston Properties by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,045,846 shares of the real estate investment trust’s stock worth $496,710,000 after purchasing an additional 228,106 shares during the period. Hedge funds and other institutional investors own 95.34% of the company’s stock.

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Several analysts have recently weighed in on BXP shares. Jefferies Group reiterated a “hold” rating on shares of Boston Properties in a research note on Tuesday, February 27th. Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $134.00 price objective on shares of Boston Properties in a research note on Thursday, February 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $133.00 price objective (down previously from $136.00) on shares of Boston Properties in a research note on Tuesday, March 13th. Finally, Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Boston Properties presently has an average rating of “Hold” and an average target price of $132.00.

Shares of Boston Properties, Inc. (NYSE:BXP) opened at $126.28 on Tuesday. The company has a market cap of $19,625.82, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43. Boston Properties, Inc. has a one year low of $111.57 and a one year high of $137.35.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.02. The business had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. Boston Properties’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. equities research analysts forecast that Boston Properties, Inc. will post 6.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.20 dividend on an annualized basis and a yield of 2.53%. Boston Properties’s dividend payout ratio (DPR) is presently 109.22%.

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About Boston Properties

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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