New York State Common Retirement Fund Buys 2,699 Shares of Boston Properties, Inc. (BXP)

New York State Common Retirement Fund grew its stake in Boston Properties, Inc. (NYSE:BXP) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 339,500 shares of the real estate investment trust’s stock after acquiring an additional 2,699 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Boston Properties worth $41,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BXP. BlackRock Inc. increased its stake in shares of Boston Properties by 2,333.7% in the 1st quarter. BlackRock Inc. now owns 14,650,487 shares of the real estate investment trust’s stock worth $1,939,871,000 after acquiring an additional 14,048,513 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Boston Properties by 45.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock worth $522,026,000 after purchasing an additional 1,233,425 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Boston Properties by 1.8% during 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 during the last quarter. APG Asset Management N.V. increased its position in shares of Boston Properties by 43.8% during the 2nd quarter. APG Asset Management N.V. now owns 963,876 shares of the real estate investment trust’s stock worth $118,576,000 after purchasing an additional 293,526 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Boston Properties by 23.8% during the 1st quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock worth $157,250,000 after purchasing an additional 228,052 shares during the last quarter. 94.58% of the stock is owned by institutional investors and hedge funds.

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Boston Properties, Inc. (NYSE BXP) opened at 121.68 on Friday. The firm has a 50-day moving average price of $121.20 and a 200 day moving average price of $125.10. The firm has a market capitalization of $18.78 billion, a P/E ratio of 41.25 and a beta of 0.64. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.26.

Boston Properties (NYSE:BXP) last announced its quarterly 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 company had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. Analysts forecast that Boston Properties, Inc. will post $2.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 annualized dividend and a yield of 2.47%. Boston Properties’s dividend payout ratio is presently 102.04%.

BXP has been the subject of a number of recent analyst reports. BidaskClub raised Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $127.00 price objective on shares of Boston Properties in a research report on Thursday, June 22nd. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $121.00 price objective on shares of Boston Properties in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $134.55.

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.

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

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