Vert Asset Management LLC Has $4.50 Million Holdings in BXP, Inc. $BXP

Vert Asset Management LLC lessened its holdings in BXP, Inc. (NYSE:BXP) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,627 shares of the real estate investment trust’s stock after selling 3,341 shares during the period. BXP accounts for about 1.6% of Vert Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Vert Asset Management LLC’s holdings in BXP were worth $4,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BXP. Sentry Investment Management LLC acquired a new stake in shares of BXP in the 1st quarter valued at $34,000. NewSquare Capital LLC lifted its stake in shares of BXP by 98.3% in the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock valued at $7,281,000 after purchasing an additional 53,727 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of BXP by 14.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 556 shares during the last quarter. Spirit of America Management Corp NY lifted its stake in shares of BXP by 7.8% in the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 500 shares during the last quarter. Finally, Altrius Capital Management Inc raised its holdings in BXP by 3.7% in the 1st quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust’s stock worth $4,491,000 after acquiring an additional 2,375 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Performance

NYSE:BXP opened at $76.32 on Thursday. The firm’s 50-day moving average is $71.10 and its 200-day moving average is $68.54. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $90.11. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 2,544.98, a PEG ratio of 7.79 and a beta of 1.22.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. During the same quarter in the previous year, the firm posted $1.77 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. BXP’s payout ratio is presently 9,333.33%.

Analyst Upgrades and Downgrades

BXP has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Evercore ISI lifted their target price on shares of BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday. Scotiabank dropped their target price on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Wall Street Zen downgraded shares of BXP from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, The Goldman Sachs Group lifted their target price on shares of BXP from $67.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BXP currently has an average rating of “Hold” and a consensus price target of $77.88.

BXP Company Profile

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.