State of Wyoming Has $409,000 Holdings in BXP, Inc. $BXP

State of Wyoming boosted its holdings in BXP, Inc. (NYSE:BXPFree Report) by 1,177.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,884 shares of the real estate investment trust’s stock after purchasing an additional 7,267 shares during the quarter. State of Wyoming’s holdings in BXP were worth $409,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its stake in BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after purchasing an additional 4,503,738 shares during the last quarter. Norges Bank purchased a new stake in shares of BXP in the fourth quarter worth approximately $689,419,000. Geode Capital Management LLC raised its stake in shares of BXP by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after purchasing an additional 204,258 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after purchasing an additional 529,158 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $68.00 price target on shares of BXP in a report on Tuesday, June 2nd. Piper Sandler increased their price target on BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Citigroup cut their price objective on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Finally, Truist Financial reduced their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.11.

Get Our Latest Analysis on BXP

BXP Stock Up 0.1%

Shares of NYSE:BXP opened at $69.16 on Monday. The firm has a fifty day moving average price of $65.00 and a two-hundred day moving average price of $61.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.98 and a beta of 1.01.

BXP (NYSE:BXPGet Free Report) last released its quarterly 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 firm had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Analysts anticipate that BXP, Inc. will post 6.96 EPS for the current fiscal year.

BXP Announces Dividend

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

Insider Buying and Selling

In other news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction dated Friday, May 22nd. The stock was 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 owned 311 shares in the company, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,176 shares of company stock worth $2,151,552 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

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.

See Also

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Institutional Ownership by Quarter for BXP (NYSE:BXP)

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