Sumitomo Mitsui Asset Management Company LTD raised its position in Boston Properties, Inc. (NYSE:BXP) by 112.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,031 shares of the real estate investment trust’s stock after acquiring an additional 23,790 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Boston Properties were worth $5,542,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bank of Montreal Can grew its position in Boston Properties by 4.7% in the third quarter. Bank of Montreal Can now owns 1,213,554 shares of the real estate investment trust’s stock valued at $149,377,000 after acquiring an additional 54,000 shares in the last quarter. DNB Asset Management AS grew its position in Boston Properties by 6.7% in the third quarter. DNB Asset Management AS now owns 19,999 shares of the real estate investment trust’s stock valued at $2,462,000 after acquiring an additional 1,259 shares in the last quarter. Manning & Napier Group LLC grew its position in Boston Properties by 23.3% in the third quarter. Manning & Napier Group LLC now owns 93,045 shares of the real estate investment trust’s stock valued at $11,451,000 after acquiring an additional 17,575 shares in the last quarter. Lourd Capital LLC acquired a new stake in Boston Properties in the third quarter valued at approximately $262,000. Finally, Atria Investments LLC acquired a new stake in Boston Properties in the third quarter valued at approximately $226,000. 95.35% of the stock is owned by institutional investors.

Several brokerages have issued reports on BXP. Barclays reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Boston Properties in a research report on Sunday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $118.00 price objective on shares of Boston Properties in a research report on Wednesday, August 1st. Stifel Nicolaus increased their price objective on shares of Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, August 2nd. ValuEngine raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, June 24th. Finally, TheStreet raised shares of Boston Properties from a “c+” rating to a “b-” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Boston Properties has a consensus rating of “Hold” and a consensus price target of $133.69.

BXP stock opened at $117.52 on Thursday. Boston Properties, Inc. has a twelve month low of $111.57 and a twelve month high of $132.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 4.02. The company has a market cap of $19.01 billion, a PE ratio of 20.08, a P/E/G ratio of 3.23 and a beta of 0.56.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, September 27th.

Boston Properties Profile

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.

Read More: Understanding Compound Annual Growth Rate (CAGR)

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:BXP).

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.