Boothe Investment Group Inc. Raises Stake in BXP, Inc. $BXP

Boothe Investment Group Inc. boosted its holdings in shares of BXP, Inc. (NYSE:BXP) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,152 shares of the real estate investment trust’s stock after acquiring an additional 312 shares during the period. BXP accounts for about 0.6% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 29th largest holding. Boothe Investment Group Inc.’s holdings in BXP were worth $1,697,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BXP. REAP Financial Group LLC grew its position in BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 311 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of BXP in the second quarter worth approximately $43,000. CX Institutional boosted its position in shares of BXP by 24.6% in the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 301 shares during the period. Hilltop National Bank bought a new position in shares of BXP in the second quarter worth approximately $111,000. Finally, Brooklyn Investment Group boosted its position in shares of BXP by 124.6% in the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,069 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Price Performance

BXP stock opened at $74.19 on Friday. The company’s fifty day moving average price is $73.15 and its 200 day moving average price is $69.26. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $88.72. The stock has a market capitalization of $11.75 billion, a P/E ratio of 2,473.69, a P/E/G ratio of 7.72 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm had revenue of $868.46 million for the quarter, compared to analysts’ expectations of $845.09 million. During the same quarter last year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, equities research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s payout ratio is 9,333.33%.

Analysts Set New Price Targets

Several research firms have recently commented on BXP. Piper Sandler boosted their target price on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Truist Financial increased their target price on shares of BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, September 10th. Citigroup increased their price target on shares of BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Evercore ISI increased their price objective on shares of BXP from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. Finally, UBS Group raised their price target on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.26.

BXP Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.