Spirit of America Management Corp NY held its position in shares of Boston Properties Inc. (NYSE:BXP) during the third quarter, Holdings Channel reports. The institutional investor owned 24,000 shares of the company’s stock at the end of the third quarter. Spirit of America Management Corp NY’s holdings in Boston Properties were worth $3,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GWM Advisors LLC bought a new position in shares of Boston Properties during the second quarter valued at $443,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Boston Properties by 38.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,908 shares of the company’s stock valued at $2,098,000 after buying an additional 4,400 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Boston Properties by 0.8% in the second quarter. Eqis Capital Management Inc. now owns 3,964 shares of the company’s stock valued at $523,000 after buying an additional 32 shares during the last quarter. Sarasin & Partners LLP raised its position in shares of Boston Properties by 0.4% in the second quarter. Sarasin & Partners LLP now owns 215,333 shares of the company’s stock valued at $28,402,000 after buying an additional 927 shares during the last quarter. Finally, Gofen & Glossberg LLC IL raised its position in shares of Boston Properties by 4.5% in the second quarter. Gofen & Glossberg LLC IL now owns 5,851 shares of the company’s stock valued at $772,000 after buying an additional 250 shares during the last quarter. Institutional investors own 94.42% of the company’s stock.

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

Boston Properties Inc. (NYSE:BXP) traded down 1.10% during trading on Wednesday, reaching $123.88. 1,204,051 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $122.64 and its 200-day moving average price is $131.57. Boston Properties Inc. has a 52 week low of $107.28 and a 52 week high of $144.02. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 38.59 and a beta of 0.63.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 25th. The company reported $1.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The company had revenue of $625.23 million for the quarter, compared to analyst estimates of $621.99 million. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. On average, equities analysts expect that Boston Properties Inc. will post $5.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date was Wednesday, September 28th. This represents a $2.60 annualized dividend and a yield of 2.10%. Boston Properties’s payout ratio is 81.00%.

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Several brokerages have weighed in on BXP. JPMorgan Chase & Co. upped their target price on shares of Boston Properties from $133.00 to $144.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Jefferies Group reduced their price target on shares of Boston Properties from $141.00 to $138.00 and set a “hold” rating on the stock in a report on Monday, August 22nd. Evercore ISI downgraded shares of Boston Properties from a “buy” rating to a “hold” rating and upped their price target for the company from $147.00 to $149.00 in a report on Monday, August 22nd. Zacks Investment Research raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a report on Thursday, August 4th. Finally, BTIG Research started coverage on shares of Boston Properties in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Boston Properties has an average rating of “Hold” and a consensus price target of $144.47.

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. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.

5 Day Chart for NYSE:BXP

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