California State Teachers Retirement System Cuts Position in Boston Properties, Inc. (BXP)

California State Teachers Retirement System trimmed its position in Boston Properties, Inc. (NYSE:BXP) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,293 shares of the real estate investment trust’s stock after selling 24,203 shares during the period. California State Teachers Retirement System owned 0.17% of Boston Properties worth $32,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motco boosted its stake in shares of Boston Properties by 0.9% during the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 34 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Boston Properties by 1.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 61 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Boston Properties by 6.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 127 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Boston Properties by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 137 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Boston Properties by 1.9% during the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares in the last quarter. 95.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boston Properties, Inc. (NYSE BXP) opened at $129.41 on Friday. The stock has a market cap of $19,970.81, a P/E ratio of 20.67, a PEG ratio of 3.70 and a beta of 0.63. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties, Inc. has a 1-year low of $116.77 and a 1-year high of $140.13.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 EPS. research analysts forecast that Boston Properties, Inc. will post 6.25 earnings per share for the current fiscal year.

In related news, insider Bryan J. Koop sold 5,868 shares of Boston Properties stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.17% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on BXP shares. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the company a “buy” rating in a research note on Monday, November 27th. Argus decreased their price target on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research note on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and issued a $122.00 price target on shares of Boston Properties in a research note on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $132.80.

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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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