BXP (NYSE:BXP) CFO Sells $970,947.48 in Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 13,422 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the sale, the chief financial officer owned 9,223 shares in the company, valued at $667,191.82. The trade was a 59.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BXP Stock Down 0.9%

BXP stock traded down $0.65 during mid-day trading on Monday, hitting $71.71. The company had a trading volume of 1,306,816 shares, compared to its average volume of 1,651,875. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $84.75. The company has a current ratio of 4.50, a quick ratio of 3.76 and a debt-to-equity ratio of 2.26. The stock’s 50 day moving average price is $73.63 and its two-hundred day moving average price is $70.04. The company has a market capitalization of $11.36 billion, a PE ratio of -56.46, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The firm had revenue of $871.51 million during the quarter, compared to analyst estimates of $860.88 million. During the same quarter in the previous year, the firm earned $1.81 EPS. BXP’s quarterly revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, sell-side analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. BXP’s dividend payout ratio is presently -220.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BXP shares. UBS Group raised their price target on shares of BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Compass Point lowered BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Wednesday, September 10th. Evercore ISI boosted their price target on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. New Street Research set a $85.00 price objective on BXP in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. upgraded BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price objective for the company in a report on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.26.

Institutional Investors Weigh In On BXP

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in BXP by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares during the period. State Street Corp increased its position in BXP by 1.7% in the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after buying an additional 186,269 shares in the last quarter. Norges Bank purchased a new stake in BXP in the second quarter worth about $686,886,000. Geode Capital Management LLC raised its stake in shares of BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock worth $279,186,000 after buying an additional 68,481 shares during the period. Finally, Boston Partners lifted its position in shares of BXP by 15.5% during the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after buying an additional 403,090 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

About BXP

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.