BXP Target of Unusually Large Options Trading (NYSE:BXP)

BXP, Inc. (NYSE:BXP) was the target of unusually large options trading activity on Wednesday. Investors purchased 4,024 call options on the company. This represents an increase of approximately 414% compared to the typical volume of 783 call options.

Insider Activity

In other news, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total transaction of $970,947.48. Following the sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. The trade was a 59.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BXP

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of BXP by 10.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,316 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 592 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BXP by 16.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 114,062 shares of the real estate investment trust’s stock valued at $7,717,000 after buying an additional 16,290 shares during the period. Goldman Sachs Group Inc. lifted its stake in BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock worth $134,461,000 after acquiring an additional 17,385 shares in the last quarter. Tredje AP fonden boosted its position in BXP by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock worth $7,251,000 after acquiring an additional 95,948 shares during the period. Finally, Truist Financial Corp grew its stake 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 valued at $809,000 after acquiring an additional 145 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of research analyst reports. Truist Financial increased their price target on BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, September 10th. UBS Group upped their target price on shares of BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Scotiabank dropped their price target on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, Citigroup increased their price objective 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. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, BXP has a consensus rating of “Hold” and an average target price of $79.26.

BXP Stock Up 0.2%

BXP stock traded up $0.17 during midday trading on Wednesday, hitting $72.59. The company’s stock had a trading volume of 48,791 shares, compared to its average volume of 1,646,069. BXP has a 52-week low of $54.22 and a 52-week high of $84.75. The firm has a 50-day simple moving average of $73.61 and a 200-day simple moving average of $70.13. 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 firm has a market capitalization of $11.50 billion, a P/E ratio of -57.04, a PEG ratio of 7.35 and a beta of 1.20.

BXP (NYSE:BXP) last announced its earnings results 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 business had revenue of $871.51 million during the quarter, compared to analysts’ expectations of $860.88 million. During the same period in the prior year, the company earned $1.81 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, equities analysts forecast that BXP will post 6.91 EPS for the current year.

BXP Cuts Dividend

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