Rakuten Investment Management Inc. bought a new position in shares of BXP, Inc. (NYSE:BXP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,725 shares of the real estate investment trust’s stock, valued at approximately $1,055,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in BXP in the fourth quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new position in shares of BXP in the 2nd quarter valued at $29,000. Clearstead Advisors LLC boosted its holdings in shares of BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares in the last quarter. Silvant Capital Management LLC acquired a new position in shares of BXP in the 2nd quarter valued at $41,000. Finally, State of Wyoming grew its position in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BXP has been the topic of several research analyst reports. Citigroup lifted their price target on shares of BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Piper Sandler decreased their price objective on shares of BXP from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday. Scotiabank raised their price objective on BXP from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 5th. Truist Financial cut their target price on BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Finally, Cantor Fitzgerald reduced their target price on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.79.
BXP Stock Down 1.7%
BXP stock opened at $68.12 on Tuesday. The stock has a 50 day moving average of $68.50 and a two-hundred day moving average of $61.67. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.59 and a beta of 1.01. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07.
BXP (NYSE:BXP – Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. As a group, research analysts expect that BXP, Inc. will post 7.02 earnings per share for the current year.
BXP Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s payout ratio is currently 150.54%.
Insider Transactions at BXP
In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares in the company, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.
About BXP
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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