Vident Investment Advisory LLC increased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 167.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,067 shares of the real estate investment trust’s stock after purchasing an additional 4,423 shares during the quarter. Vident Investment Advisory LLC’s holdings in Boston Properties were worth $887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position 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 valued at $718,000 after purchasing an additional 388 shares during the last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Finally, CIBC Asset Management Inc raised its stake in Boston Properties by 1.4% in the second quarter. CIBC Asset Management Inc now owns 43,296 shares of the real estate investment trust’s stock valued at $5,430,000 after buying an additional 618 shares during the last quarter. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on BXP. ValuEngine cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 price target on shares of Boston Properties in a research note on Wednesday, August 1st. Stifel Nicolaus increased their price target on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Barclays reiterated a “buy” rating and issued a $134.00 price target on shares of Boston Properties in a research note on Tuesday, August 21st. Finally, TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.79.

Boston Properties stock opened at $126.14 on Wednesday. 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 one year low of $111.57 and a one year high of $132.82. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.31 and a beta of 0.56.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, September 27th.

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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