Crossmark Global Holdings Inc. Has $1.50 Million Stake in Boston Properties, Inc. (BXP)

Crossmark Global Holdings Inc. lessened its stake in Boston Properties, Inc. (NYSE:BXP) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,934 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Crossmark Global Holdings Inc.’s holdings in Boston Properties were worth $1,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in shares of Boston Properties in the fourth quarter worth $1,059,000. Daiwa Securities Group Inc. raised its holdings in shares of Boston Properties by 74.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,176,849 shares of the real estate investment trust’s stock worth $391,451,000 after acquiring an additional 1,360,861 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in shares of Boston Properties by 4.9% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 113,800 shares of the real estate investment trust’s stock worth $13,983,000 after acquiring an additional 5,310 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of Boston Properties by 8.4% in the first quarter. Dupont Capital Management Corp now owns 27,105 shares of the real estate investment trust’s stock worth $3,340,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Boston Properties by 1.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,029 shares of the real estate investment trust’s stock worth $5,672,000 after acquiring an additional 584 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

BXP has been the subject of a number of analyst reports. ValuEngine cut Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Deutsche Bank boosted their price target on Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a report on Tuesday, June 26th. Jefferies Financial Group reissued a “hold” rating and issued a $118.00 price target on shares of Boston Properties in a report on Wednesday, August 1st. Stifel Nicolaus boosted their price target on Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $132.79.

Boston Properties stock traded up $0.19 during trading on Friday, hitting $130.45. The company’s stock had a trading volume of 477,000 shares, compared to its average volume of 758,034. The firm has a market capitalization of $20.20 billion, a P/E ratio of 21.34, a PEG ratio of 3.43 and a beta of 0.57. Boston Properties, Inc. has a 1-year low of $111.57 and a 1-year high of $132.82. 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 (NYSE:BXP) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.73). The business had revenue of $664.48 million during the quarter, compared to analyst estimates of $667.92 million. Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. equities analysts predict that Boston Properties, Inc. will post 6.37 EPS for the current year.

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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