Principal Financial Group Inc. Has $21.49 Million Position in Boston Properties, Inc. (NYSE:BXP)

Principal Financial Group Inc. reduced its holdings in shares of Boston Properties, Inc. (NYSE:BXPGet Rating) by 0.8% in the second quarter, HoldingsChannel.com reports. The fund owned 241,530 shares of the real estate investment trust’s stock after selling 1,887 shares during the quarter. Principal Financial Group Inc.’s holdings in Boston Properties were worth $21,492,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kinneret Advisory LLC grew its stake in shares of Boston Properties by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 90 shares during the period. State of Michigan Retirement System grew its stake in shares of Boston Properties by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 35,857 shares of the real estate investment trust’s stock valued at $4,618,000 after buying an additional 106 shares during the period. Toroso Investments LLC grew its stake in shares of Boston Properties by 6.7% in the 1st quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 121 shares during the period. Veriti Management LLC grew its stake in shares of Boston Properties by 4.9% in the 2nd quarter. Veriti Management LLC now owns 2,634 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 122 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Boston Properties by 13.5% in the 1st quarter. Signaturefd LLC now owns 1,040 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 124 shares during the period. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Trading Up 0.4 %

Shares of BXP stock opened at $70.89 on Monday. The company’s fifty day simple moving average is $74.75 and its two-hundred day simple moving average is $87.35. The company has a debt-to-equity ratio of 1.68, a current ratio of 4.08 and a quick ratio of 4.08. Boston Properties, Inc. has a 1 year low of $68.80 and a 1 year high of $133.11. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 12.22 and a beta of 1.05.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $3.92 dividend on an annualized basis and a yield of 5.53%. Boston Properties’s payout ratio is 67.59%.

Analysts Set New Price Targets

Several analysts have recently commented on BXP shares. Deutsche Bank Aktiengesellschaft reduced their target price on Boston Properties from $104.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Scotiabank upgraded Boston Properties from a “sector perform” rating to a “sector outperform” rating and cut their price target for the company from $102.00 to $94.00 in a research note on Thursday, September 22nd. UBS Group cut their price target on Boston Properties from $98.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Barclays cut their price target on Boston Properties from $135.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, September 26th. Finally, Evercore ISI cut their price target on Boston Properties from $100.00 to $99.00 in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.30.

About Boston Properties

(Get Rating)

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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.

Further Reading

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boston Properties, Inc. (NYSE:BXPGet Rating).

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

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.