Martingale Asset Management L P increased its position in shares of Boston Properties, Inc. (NYSE:BXP) by 429.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 109,678 shares of the real estate investment trust’s stock after buying an additional 88,972 shares during the quarter. Martingale Asset Management L P’s holdings in Boston Properties were worth $14,685,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rational Advisors LLC increased its stake in shares of Boston Properties by 66.4% during the first quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 81 shares during the period. JOYN Advisors Inc. increased its stake in shares of Boston Properties by 63.3% during the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 107 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Boston Properties by 200.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares during the period. Loeb Partners Corp purchased a new stake in shares of Boston Properties during the fourth quarter worth approximately $33,000. Finally, Shine Investment Advisory Services Inc. increased its stake in shares of Boston Properties by 58.7% during the first quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 91.66% of the company’s stock.

BXP has been the topic of a number of recent research reports. ValuEngine upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Morgan Stanley lowered shares of Boston Properties from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $130.00 to $116.00 in a research note on Wednesday, March 13th. BMO Capital Markets restated a “hold” rating and set a $135.00 target price on shares of Boston Properties in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Boston Properties from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Tuesday, February 12th. Finally, Evercore ISI upgraded shares of Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 target price on the stock in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $136.71.

In other news, insider Bryan J. Koop sold 5,616 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $133.95, for a total value of $752,263.20. Following the completion of the sale, the insider now directly owns 10,175 shares of the company’s stock, valued at $1,362,941.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Shares of Boston Properties stock opened at $132.02 on Friday. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.99 and a beta of 0.93. Boston Properties, Inc. has a 52 week low of $107.84 and a 52 week high of $140.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.78 and a current ratio of 3.78.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.06. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $703.16 million. Boston Properties had a return on equity of 6.31% and a net margin of 18.15%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. Analysts anticipate that Boston Properties, Inc. will post 6.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 28th. 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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