Mizuho Markets Americas LLC lifted its position in shares of BXP, Inc. (NYSE:BXP – Free Report) by 646.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,415 shares of the real estate investment trust’s stock after purchasing an additional 162,315 shares during the quarter. Mizuho Markets Americas LLC’s holdings in BXP were worth $12,647,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in shares of BXP by 497.8% during the 4th quarter. Global Retirement Partners LLC now owns 4,071 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 3,390 shares in the last quarter. Algebris UK Ltd. acquired a new stake in shares of BXP during the 4th quarter worth approximately $14,632,000. ABN Amro Investment Solutions acquired a new stake in shares of BXP during the 4th quarter worth approximately $579,000. ProShare Advisors LLC grew its holdings in shares of BXP by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 33,737 shares of the real estate investment trust’s stock worth $2,277,000 after purchasing an additional 2,187 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of BXP during the 4th quarter worth approximately $367,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
BXP Price Performance
Shares of BXP stock opened at $60.32 on Friday. The stock’s fifty day simple moving average is $55.69 and its 200 day simple moving average is $62.51. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.60 and a beta of 1.04. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33.
BXP Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s payout ratio is presently 140.70%.
Insider Buying and Selling at BXP
In other BXP news, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction on Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the completion of the transaction, the executive vice president owned 17,832 shares in the company, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Truist Financial decreased their price objective on BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. UBS Group decreased their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. JPMorgan Chase & Co. decreased their price objective on BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Wall Street Zen raised BXP from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler decreased their price target on BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.60.
Read Our Latest Stock Report on BXP
BXP Company Profile
Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.
Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.
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