Trillium Asset Management LLC bought a new position in Boston Properties, Inc. (NYSE:BXP) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 41,473 shares of the real estate investment trust’s stock, valued at approximately $5,105,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AXA lifted its holdings in shares of Boston Properties by 15.4% during the 3rd quarter. AXA now owns 186,114 shares of the real estate investment trust’s stock valued at $22,909,000 after acquiring an additional 24,779 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Boston Properties by 3.5% in the 3rd quarter. Alliancebernstein L.P. now owns 341,559 shares of the real estate investment trust’s stock worth $42,042,000 after buying an additional 11,585 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Boston Properties by 774.9% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 15,818 shares of the real estate investment trust’s stock worth $1,947,000 after buying an additional 14,010 shares in the last quarter. Norinchukin Bank The lifted its holdings in Boston Properties by 12.3% in the 3rd quarter. Norinchukin Bank The now owns 20,985 shares of the real estate investment trust’s stock worth $2,583,000 after buying an additional 2,297 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Boston Properties by 1.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 46,327 shares of the real estate investment trust’s stock worth $5,746,000 after buying an additional 786 shares in the last quarter. 96.30% of the stock is owned by institutional investors.

BXP opened at $125.63 on Tuesday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.36. Boston Properties, Inc. has a 1-year low of $111.57 and a 1-year high of $132.82. The stock has a market capitalization of $19.39 billion, a PE ratio of 20.25, a P/E/G ratio of 3.28 and a beta of 0.57.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The business had revenue of $686.28 million during the quarter, compared to the consensus estimate of $674.30 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Boston Properties, Inc. will post 6.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, September 27th.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Barclays reiterated a “buy” rating and issued a $134.00 price objective on shares of Boston Properties in a report on Tuesday, August 21st. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. Finally, DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $145.00 in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Boston Properties has an average rating of “Buy” and a consensus target price of $135.46.

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Boston Properties Company 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.

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

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