Assetmark Inc. Boosts Stock Position in BXP, Inc. $BXP

Assetmark Inc. boosted its stake in shares of BXP, Inc. (NYSE:BXP) by 143.7% in the second quarter, Holdings Channel reports. The fund owned 1,226 shares of the real estate investment trust’s stock after purchasing an additional 723 shares during the period. Assetmark Inc.’s holdings in BXP were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. REAP Financial Group LLC increased its holdings in shares of BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 311 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in BXP in the 2nd quarter valued at $43,000. CX Institutional increased its stake in BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 301 shares during the period. Hilltop National Bank purchased a new position in BXP during the 2nd quarter worth $111,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of BXP in the 2nd quarter worth $115,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Trading Up 3.3%

NYSE:BXP opened at $72.39 on Monday. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $84.75. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $73.63 and a 200-day simple moving average of $70.04. The company has a market capitalization of $11.46 billion, a PE ratio of -57.00, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20.

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

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. BXP’s dividend payout ratio (DPR) is -220.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BXP shares. Cantor Fitzgerald started coverage on shares of BXP in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price target on the stock. Scotiabank lowered their price objective on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Compass Point downgraded BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Wednesday, September 10th. Piper Sandler raised their price target on BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, September 9th. Finally, UBS Group upped their price objective on BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.