Cohen & Steers Inc. lifted its stake in BXP, Inc. (NYSE:BXP – Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,382,890 shares of the real estate investment trust’s stock after buying an additional 4,503,738 shares during the quarter. BXP comprises 1.9% of Cohen & Steers Inc.’s portfolio, making the stock its 14th biggest holding. Cohen & Steers Inc. owned 0.10% of BXP worth $1,038,176,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in BXP. EverSource Wealth Advisors LLC raised its stake in BXP by 29.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 257 shares during the period. First Trust Advisors LP raised its stake in BXP by 45.7% during the 2nd quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock valued at $2,724,000 after purchasing an additional 12,660 shares during the period. Cresset Asset Management LLC raised its stake in BXP by 29.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 2,089 shares during the period. Jump Financial LLC raised its stake in BXP by 276.0% during the 2nd quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after purchasing an additional 34,544 shares during the period. Finally, Squarepoint Ops LLC raised its stake in BXP by 99.3% during the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after purchasing an additional 56,104 shares during the period. Institutional investors own 98.72% of the company’s stock.
Insider Transactions at BXP
In other news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the transaction, the senior vice president owned 311 shares in the company, valued at approximately $18,613.35. The trade was a 86.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is currently owned by company insiders.
BXP Price Performance
BXP (NYSE:BXP – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The company had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.BXP’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities analysts expect that BXP, Inc. will post 6.95 EPS for the current year.
BXP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.2%. BXP’s payout ratio is 140.70%.
Wall Street Analysts Forecast Growth
BXP has been the topic of several recent analyst reports. Truist Financial decreased their target price on BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $79.00 to $62.00 in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft set a $61.00 target price on BXP in a research note on Wednesday, May 13th. Cantor Fitzgerald decreased their target price on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, Evercore set a $62.00 target price on BXP in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.65.
Check Out Our Latest Report on BXP
BXP 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.
See Also
- Five stocks we like better than BXP
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BXP, Inc. (NYSE:BXP – Free Report).
Receive News & Ratings for BXP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BXP and related companies with MarketBeat.com's FREE daily email newsletter.
