Probity Advisors Inc. Purchases 1,834 Shares of BXP, Inc. $BXP

Probity Advisors Inc. increased its position in BXP, Inc. (NYSE:BXP) by 34.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,207 shares of the real estate investment trust’s stock after acquiring an additional 1,834 shares during the period. Probity Advisors Inc.’s holdings in BXP were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BXP. Truist Financial Corp increased its holdings in shares of BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust’s stock worth $809,000 after purchasing an additional 145 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of BXP by 3.1% during the 2nd quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 230 shares during the last quarter. Naviter Wealth LLC grew its stake in shares of BXP by 3.4% in the second quarter. Naviter Wealth LLC now owns 7,003 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 232 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of BXP by 8.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 295 shares during the period. Finally, CX Institutional raised its holdings in shares of BXP by 24.6% during the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 301 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

BXP Stock Down 0.5%

BXP opened at $70.68 on Tuesday. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 2,356.79, a price-to-earnings-growth ratio of 7.44 and a beta of 1.22. 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 firm’s fifty day moving average is $72.48 and its 200 day moving average is $68.98. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $89.75.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The business had revenue of $868.46 million for the quarter, compared to analysts’ expectations of $845.09 million. During the same period last year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, sell-side analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. BXP’s payout ratio is currently 9,333.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of BXP from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Jefferies Financial Group lifted their price objective on BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Cantor Fitzgerald initiated coverage on BXP in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 target price on the stock. Piper Sandler increased their price objective on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BXP in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BXP currently has a consensus rating of “Hold” and an average target price of $79.26.

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.