BNP Paribas Financial Markets raised its stake in BXP, Inc. (NYSE:BXP – Free Report) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 341,657 shares of the real estate investment trust’s stock after acquiring an additional 10,775 shares during the quarter. BNP Paribas Financial Markets’ holdings in BXP were worth $23,055,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Stonehaven Wealth & Tax Solutions LLC grew its holdings in shares of BXP by 4.6% during the fourth quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 162 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of BXP by 4.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 171 shares during the last quarter. Signaturefd LLC grew its holdings in shares of BXP by 2.5% during the fourth quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 179 shares during the last quarter. Keybank National Association OH grew its holdings in shares of BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 183 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of BXP by 6.4% during the fourth quarter. Apollon Wealth Management LLC now owns 3,544 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 214 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.
Insider Activity
In other BXP news, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction dated 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 sold 7,063 shares of company stock worth $418,955 in the last three months. Insiders own 1.50% of the company’s stock.
BXP Trading Up 0.4%
BXP (NYSE:BXP – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm had revenue of $872.15 million for the quarter, compared to analyst estimates of $843.11 million. During the same period last year, the company earned $1.64 EPS. The company’s revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, research analysts predict that BXP, Inc. will post 6.95 earnings per share for the current year.
BXP Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 4.5%. BXP’s dividend payout ratio is presently 140.70%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Mizuho cut BXP from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Wall Street Zen cut BXP from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank decreased their target price on BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Wells Fargo & Company upped their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, UBS Group cut their price target on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.65.
Check Out Our Latest Analysis 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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