Boston Properties, Inc. (NYSE:BXP) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lessened its position in shares of Boston Properties, Inc. (NYSE:BXP) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,474 shares of the real estate investment trust’s stock after selling 387 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Boston Properties were worth $710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eii Capital Management Inc. boosted its holdings in shares of Boston Properties by 6.5% in the 2nd quarter. Eii Capital Management Inc. now owns 25,175 shares of the real estate investment trust’s stock valued at $3,248,000 after buying an additional 1,540 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Boston Properties by 9.1% in the 2nd quarter. WINTON GROUP Ltd now owns 192,088 shares of the real estate investment trust’s stock valued at $24,779,000 after buying an additional 15,992 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Boston Properties by 3.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,109 shares of the real estate investment trust’s stock valued at $1,304,000 after buying an additional 373 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Boston Properties by 0.8% in the 2nd quarter. Gulf International Bank UK Ltd now owns 37,130 shares of the real estate investment trust’s stock valued at $4,789,000 after buying an additional 300 shares in the last quarter. Finally, AMF Pensionsforsakring AB boosted its holdings in shares of Boston Properties by 2.8% in the 2nd quarter. AMF Pensionsforsakring AB now owns 230,854 shares of the real estate investment trust’s stock valued at $29,780,000 after buying an additional 6,254 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Several research analysts have recently issued reports on BXP shares. Morgan Stanley upgraded shares of Boston Properties from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $123.00 to $126.00 in a report on Tuesday, September 10th. They noted that the move was a valuation call. Barclays restated a “buy” rating and issued a $149.00 target price on shares of Boston Properties in a report on Sunday, October 13th. Citigroup restated a “neutral” rating and issued a $134.00 target price (up previously from $131.00) on shares of Boston Properties in a report on Tuesday, November 5th. ValuEngine upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Goldman Sachs Group began coverage on shares of Boston Properties in a report on Friday, November 8th. They issued a “buy” rating and a $156.00 target price for the company. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $143.12.

BXP stock opened at $137.56 on Friday. The company has a fifty day moving average price of $132.02 and a 200 day moving average price of $131.53. Boston Properties, Inc. has a 12 month low of $107.84 and a 12 month high of $140.35. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.99 and a beta of 0.86. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.98 and a quick ratio of 4.58.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Boston Properties had a net margin of 18.20% and a return on equity of 6.70%. The firm had revenue of $743.55 million during the quarter, compared to the consensus estimate of $730.74 million. During the same quarter in the prior year, the firm earned $1.64 EPS. Boston Properties’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts anticipate that Boston Properties, Inc. will post 6.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.80 annualized dividend and a yield of 2.76%. Boston Properties’s dividend payout ratio (DPR) is 60.32%.

In related news, EVP Peter D. Johnston sold 18,582 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $137.85, for a total value of $2,561,528.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.99% of the stock is owned by corporate insiders.

Boston Properties Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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