BXP, Inc. $BXP Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in shares of BXP, Inc. (NYSE:BXPFree Report) by 30.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,407 shares of the real estate investment trust’s stock after selling 8,762 shares during the quarter. Sanctuary Advisors LLC’s holdings in BXP were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new stake in BXP during the 4th quarter valued at approximately $25,000. Princeton Global Asset Management LLC increased its stake in shares of BXP by 892.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 357 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of BXP in the second quarter worth $29,000. Clearstead Advisors LLC raised its holdings in shares of BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 268 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 193 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the sale, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. This represents a 86.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BXP. Wells Fargo & Company boosted their target price on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen downgraded BXP from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Truist Financial reduced their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Cantor Fitzgerald decreased their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Scotiabank upped their target price on BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, BXP presently has a consensus rating of “Moderate Buy” and an average target price of $73.11.

Check Out Our Latest Analysis on BXP

BXP Stock Performance

BXP opened at $69.16 on Friday. 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 fifty day moving average price of $65.00 and a 200 day moving average price of $61.06. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33. The stock has a market cap of $11.03 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.93 and a beta of 1.01.

BXP (NYSE:BXPGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The firm had revenue of $872.15 million for 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%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.96 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP’s dividend payout ratio is presently 140.70%.

BXP Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BXP (NYSE:BXP)

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