Today: 6,700 Shares of Boston Properties Inc. (BXP) are sold by Teacher Retirement System of Texas

Today: 6,700 Shares of Boston Properties Inc. (BXP) are sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in shares of Boston Properties Inc. (NYSE:BXP) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 127,051 shares of the company’s stock after selling 6,700 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Boston Properties worth $17,316,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BXP. Euclid Advisors LLC acquired a new position in shares of Boston Properties during the second quarter worth about $138,000. Glenmede Trust Co. NA boosted its position in shares of Boston Properties by 30.9% in the second quarter. Glenmede Trust Co. NA now owns 1,189 shares of the company’s stock worth $155,000 after buying an additional 281 shares in the last quarter. Advisor Partners LLC acquired a new position in shares of Boston Properties during the second quarter worth about $202,000. Pacad Investment Ltd. acquired a new position in shares of Boston Properties during the second quarter worth about $224,000. Finally, Bailard Inc. acquired a new position in shares of Boston Properties during the second quarter worth about $234,000. Institutional investors own 94.42% of the company’s stock.

Boston Properties Inc. (NYSE:BXP) traded up 0.25% on Monday, reaching $123.30. 386,022 shares of the company traded hands. The stock has a market capitalization of $18.96 billion, a PE ratio of 38.41 and a beta of 0.63. Boston Properties Inc. has a one year low of $107.28 and a one year high of $144.02. The firm has a 50 day moving average of $122.89 and a 200-day moving average of $131.67.

Boston Properties (NYSE:BXP) last issued 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 business had revenue of $625.23 million for the quarter, compared to analyst estimates of $621.99 million. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 EPS. On average, analysts anticipate that Boston Properties Inc. will post $5.98 EPS for the current year.

The firm 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. This represents a $2.60 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, September 28th. Boston Properties’s payout ratio is 81.00%.

A number of equities analysts have recently issued reports on BXP shares. Zacks Investment Research upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research note on Thursday, August 4th. Jefferies Group dropped their target price on shares of Boston Properties from $141.00 to $138.00 and set a “hold” rating for the company in a research report on Monday, August 22nd. Evercore ISI cut shares of Boston Properties from a “buy” rating to a “hold” rating and increased their target price for the stock from $147.00 to $149.00 in a research report on Monday, August 22nd. Stifel Nicolaus cut shares of Boston Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $140.00 to $120.00 in a research report on Thursday, October 27th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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.

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