Bank of Montreal Can raised its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,213,554 shares of the real estate investment trust’s stock after buying an additional 54,000 shares during the quarter. Bank of Montreal Can’s holdings in Boston Properties were worth $149,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. DNB Asset Management AS grew its position in Boston Properties by 6.7% during the third quarter. DNB Asset Management AS now owns 19,999 shares of the real estate investment trust’s stock worth $2,462,000 after buying an additional 1,259 shares in the last quarter. Manning & Napier Group LLC grew its position in Boston Properties by 23.3% during the third quarter. Manning & Napier Group LLC now owns 93,045 shares of the real estate investment trust’s stock worth $11,451,000 after buying an additional 17,575 shares in the last quarter. Lourd Capital LLC purchased a new position in Boston Properties during the third quarter worth about $262,000. Atria Investments LLC purchased a new position in Boston Properties during the third quarter worth about $226,000. Finally, Fox Run Management L.L.C. purchased a new position in Boston Properties during the third quarter worth about $577,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

BXP opened at $114.70 on Friday. Boston Properties, Inc. has a 12-month low of $111.57 and a 12-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 stock has a market capitalization of $19.01 billion, a PE ratio of 20.08, a PEG ratio of 3.23 and a beta of 0.56.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share (EPS) 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 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 company posted $1.67 earnings per share. Boston Properties’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect 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. Stockholders of record on Friday, September 28th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, September 27th.

BXP has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Deutsche Bank boosted their target price on Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a research report on Tuesday, June 26th. ValuEngine upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, June 24th. Jefferies Financial Group restated a “hold” rating and set a $118.00 target price on shares of Boston Properties in a research report on Wednesday, August 1st. Finally, SunTrust Banks boosted their target price on Boston Properties to $137.00 and gave the stock a “hold” rating in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.77.

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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