Qube Research & Technologies Ltd bought a new stake in Boston Properties, Inc. (NYSE:BXP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,464 shares of the real estate investment trust’s stock, valued at approximately $309,000.

A number of other hedge funds also recently bought and sold shares of BXP. Riverhead Capital Management LLC lifted its stake in shares of Boston Properties by 7.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,723 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 388 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Boston Properties by 0.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 116,946 shares of the real estate investment trust’s stock worth $14,668,000 after purchasing an additional 410 shares during the period. Brown Advisory Inc. lifted its stake in shares of Boston Properties by 4.4% during the 1st quarter. Brown Advisory Inc. now owns 10,259 shares of the real estate investment trust’s stock worth $1,264,000 after purchasing an additional 436 shares during the period. American Trust Investment Advisors LLC lifted its stake in shares of Boston Properties by 12.7% during the 2nd quarter. American Trust Investment Advisors LLC now owns 4,922 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 555 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Boston Properties by 1.4% during the 2nd quarter. CIBC Asset Management Inc now owns 43,296 shares of the real estate investment trust’s stock worth $5,430,000 after purchasing an additional 618 shares during the period. 95.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on BXP. Barclays reissued a “buy” rating and set a $134.00 price target on shares of Boston Properties in a research note on Tuesday, August 21st. SunTrust Banks increased their price target on Boston Properties to $137.00 and gave the stock a “hold” rating in a research note on Monday, August 20th. Stifel Nicolaus increased their price target on Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. TheStreet raised Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $118.00 price target on shares of Boston Properties in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Boston Properties has an average rating of “Hold” and a consensus price target of $132.79.

BXP stock opened at $125.96 on Friday. The firm has a market cap of $19.69 billion, a PE ratio of 20.80, a PEG ratio of 3.35 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 4.02. Boston Properties, Inc. has a 52 week low of $111.57 and a 52 week high of $132.82.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). The firm had revenue of $664.48 million for the quarter, compared to analyst estimates of $667.92 million. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. analysts forecast that Boston Properties, Inc. will post 6.37 earnings per share for the current fiscal year.

About Boston Properties

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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

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