Boston Properties, Inc. (NYSE:BXP) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 9.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,575 shares of the real estate investment trust’s stock after acquiring an additional 763 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Boston Properties were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in BXP. Vanguard Group Inc. lifted its stake in shares of Boston Properties by 0.5% in the first quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock valued at $1,539,289,000 after purchasing an additional 122,583 shares during the period. Earnest Partners LLC increased its position in Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after purchasing an additional 542,610 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Boston Properties by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after purchasing an additional 120,650 shares during the period. Sei Investments Co. raised its stake in shares of Boston Properties by 32.9% in the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after acquiring an additional 371,946 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Boston Properties by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 1,248,824 shares of the real estate investment trust’s stock worth $76,878,000 after buying an additional 38,048 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Performance

Boston Properties stock opened at $78.53 on Friday. The firm has a market capitalization of $12.42 billion, a P/E ratio of 33.94, a P/E/G ratio of 0.54 and a beta of 1.18. The stock has a fifty day moving average price of $81.94 and a two-hundred day moving average price of $70.89. Boston Properties, Inc. has a 52-week low of $52.61 and a 52-week high of $90.11. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share. As a group, analysts anticipate that Boston Properties, Inc. will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.98 per share. The ex-dividend date was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.99%. Boston Properties’s dividend payout ratio is 169.70%.

Insider Buying and Selling at Boston Properties

In related news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BXP. Scotiabank restated a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a research note on Thursday, November 7th. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $88.00 in a research report on Thursday. Evercore ISI upped their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wedbush raised their price target on Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $80.85.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.