NorthRock Partners LLC Acquires New Stake in BXP, Inc. $BXP

NorthRock Partners LLC acquired a new stake in BXP, Inc. (NYSE:BXP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 7,208 shares of the real estate investment trust’s stock, valued at approximately $487,000.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC lifted its position in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 311 shares in the last quarter. CX Institutional lifted its position in BXP by 24.6% during the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 301 shares in the last quarter. Hilltop National Bank bought a new stake in BXP during the 2nd quarter worth about $111,000. Brooklyn Investment Group lifted its position in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 1,069 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in BXP during the 2nd quarter worth about $202,000. 98.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BXP. Weiss Ratings reissued a “hold (c-)” rating on shares of BXP in a research report on Wednesday, October 8th. Mizuho cut their price target on shares of BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Citigroup boosted their price target on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their price target on shares of BXP from $67.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Cantor Fitzgerald began coverage on shares of BXP in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.95.

BXP Stock Up 1.5%

BXP stock opened at $71.62 on Thursday. The firm has a market capitalization of $11.34 billion, a PE ratio of 2,388.06, a P/E/G ratio of 7.38 and a beta of 1.22. The company’s 50-day moving average is $72.06 and its 200-day moving average is $68.81. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share 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 analyst estimates of $845.09 million. During the same period in the previous year, the business earned $1.77 EPS. BXP’s revenue for the quarter 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. Sell-side analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. BXP’s dividend payout ratio is 9,333.33%.

About BXP

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.