Metis Global Partners LLC Purchases 3,313 Shares of BXP, Inc. $BXP

Metis Global Partners LLC increased its position in BXP, Inc. (NYSE:BXP) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,941 shares of the real estate investment trust’s stock after buying an additional 3,313 shares during the quarter. Metis Global Partners LLC’s holdings in BXP were worth $3,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in BXP. Truist Financial Corp raised its position in BXP by 1.2% during 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 during the last quarter. CVA Family Office LLC lifted its stake in shares of BXP by 12.4% in the second quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 226 shares during the period. Venture Visionary Partners LLC boosted its holdings in BXP by 3.1% in the second 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 increased its position in BXP by 3.4% during the 2nd quarter. Naviter Wealth LLC now owns 7,003 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 232 shares during the period. Finally, Keybank National Association OH raised its holdings in BXP by 7.7% during the 2nd quarter. Keybank National Association OH now owns 3,525 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 253 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Price Performance

BXP stock opened at $72.39 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The business has a 50-day simple moving average of $73.63 and a two-hundred day simple moving average of $70.01. The company has a market capitalization of $11.46 billion, a P/E ratio of -57.00, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $84.75.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. BXP’s quarterly revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts expect that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. BXP’s dividend payout ratio is currently -220.47%.

Analyst Ratings Changes

BXP has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BXP in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on BXP in a report on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price target for the company. Compass Point lowered BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Wednesday, September 10th. Mizuho cut their target price on BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Friday, October 17th. Eight 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. According to MarketBeat, BXP presently has a consensus rating of “Hold” and a consensus price target 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.