BXP, Inc. $BXP Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its holdings in shares of BXP, Inc. (NYSE:BXP) by 3.7% during the 2nd quarter, Holdings Channel reports. The fund owned 84,810 shares of the real estate investment trust’s stock after selling 3,233 shares during the period. Resona Asset Management Co. Ltd.’s holdings in BXP were worth $5,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Truist Financial Corp grew its stake in shares of BXP by 1.2% in the second 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. CVA Family Office LLC lifted its holdings in 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 purchasing an additional 226 shares during the period. Venture Visionary Partners LLC grew its position in BXP by 3.1% in 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 buying an additional 230 shares in the last quarter. Naviter Wealth LLC increased its stake 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 buying an additional 232 shares during the period. Finally, Keybank National Association OH raised its position in shares of 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 buying an additional 253 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the stock a “neutral” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. upgraded BXP from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research report on Friday, October 17th. Morgan Stanley increased their price target on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. LADENBURG THALM/SH SH started coverage on BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, Scotiabank cut their price objective on BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.26.

BXP Stock Up 3.3%

Shares of BXP stock opened at $72.39 on Monday. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $84.75. The firm 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. 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’s fifty day moving average is $73.63 and its 200-day moving average is $70.04.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.BXP’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current 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 given a $0.70 dividend. This represents a $2.80 annualized dividend 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%.

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.