Qube Research & Technologies Ltd Purchases New Holdings in Boston Properties, Inc. (BXP)

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Qube Research & Technologies Ltd purchased a new stake in Boston Properties, Inc. (NYSE:BXP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,464 shares of the real estate investment trust’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Boston Properties during the second quarter valued at about $227,000. Fieldpoint Private Securities LLC grew its stake in shares of Boston Properties by 53.6% during the second quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 700 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Boston Properties by 91.9% during the second quarter. Federated Investors Inc. PA now owns 2,007 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 961 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new stake in shares of Boston Properties during the first quarter valued at about $274,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Boston Properties during the second quarter valued at about $343,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.

Shares of BXP stock opened at $125.96 on Friday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34. Boston Properties, Inc. has a one year low of $111.57 and a one year high of $132.82. The stock has a market cap of $19.69 billion, a PE ratio of 20.80, a P/E/G ratio of 3.35 and a beta of 0.56.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 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 company had revenue of $664.48 million for the quarter, compared to the consensus estimate of $667.92 million. During the same period in the previous year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. analysts anticipate that Boston Properties, Inc. will post 6.37 EPS for the current year.

BXP has been the subject of several recent analyst reports. ValuEngine upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, June 24th. SunTrust Banks raised their target price on Boston Properties to $137.00 and gave the company a “hold” rating in a research note on Monday, August 20th. Barclays restated a “buy” rating and set a $134.00 target price on shares of Boston Properties in a research note on Tuesday, August 21st. Deutsche Bank raised their target price on Boston Properties from $133.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. Finally, Jefferies Financial Group restated a “hold” rating and set a $118.00 target price on shares of Boston Properties in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $132.79.

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.

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

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