State Treasurer State of Michigan Decreases Position in Boston Properties, Inc. (BXP)

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State Treasurer State of Michigan cut its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,228 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. State Treasurer State of Michigan’s holdings in Boston Properties were worth $4,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bogart Wealth LLC acquired a new position in shares of Boston Properties in the fourth quarter worth about $33,000. Flagship Harbor Advisors LLC raised its position in shares of Boston Properties by 200.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 200 shares during the period. We Are One Seven LLC acquired a new position in shares of Boston Properties in the fourth quarter worth about $41,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Boston Properties in the fourth quarter worth about $75,000. Finally, TLP Group LLC acquired a new position in shares of Boston Properties in the third quarter worth about $104,000. Institutional investors own 96.09% of the company’s stock.

BXP has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Tuesday, November 20th. DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $145.00 in a research report on Monday, November 19th. Jefferies Financial Group upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Monday, October 15th. Barclays reiterated a “buy” rating and issued a $125.00 price objective on shares of Boston Properties in a research report on Sunday, October 14th. Finally, BTIG Research upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.93.

BXP stock opened at $132.40 on Friday. The stock has a market cap of $20.48 billion, a PE ratio of 21.02, a P/E/G ratio of 3.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.81 and a quick ratio of 3.74. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $132.82.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Monday, December 31st were paid a dividend of $0.95 per share. The ex-dividend date was Friday, December 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from Boston Properties’s previous quarterly dividend of $0.80. Boston Properties’s payout ratio is currently 60.32%.

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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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