Crossmark Global Holdings Inc. Raises Position in Boston Properties, Inc. (BXP)
Crossmark Global Holdings Inc. increased its holdings in Boston Properties, Inc. (NYSE:BXP) by 10.9% in the 4th quarter, HoldingsChannel reports. The fund owned 14,181 shares of the real estate investment trust’s stock after buying an additional 1,396 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Boston Properties were worth $1,844,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BXP. Amica Retiree Medical Trust bought a new position in shares of Boston Properties in the 3rd quarter worth about $105,000. NewSquare Capital LLC increased its stake in shares of Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 121,840 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Boston Properties in the 3rd quarter worth about $125,000. Americafirst Capital Management LLC bought a new position in shares of Boston Properties in the 3rd quarter worth about $169,000. Finally, Huntington National Bank increased its stake in shares of Boston Properties by 397.1% in the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 1,219 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
Several research analysts recently issued reports on BXP shares. Mizuho reiterated a “hold” rating and issued a $122.00 price target on shares of Boston Properties in a research note on Friday, November 3rd. SunTrust Banks set a $127.00 price target on shares of Boston Properties and gave the stock a “hold” rating in a research note on Monday, January 22nd. Robert W. Baird reiterated a “hold” rating and issued a $134.00 price target on shares of Boston Properties in a research note on Wednesday, January 31st. Barclays decreased their price target on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Finally, BMO Capital Markets lowered shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price objective for the company. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $130.80.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.02. The business had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. Boston Properties’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. equities research analysts predict that Boston Properties, Inc. will post 6.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were paid a dividend of $0.80 per share. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is currently 109.22%.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2018/02/13/crossmark-global-holdings-inc-raises-position-in-boston-properties-inc-bxp.html.
Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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).
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.