Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in BXP, Inc. (NYSE:BXP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 313,948 shares of the real estate investment trust’s stock, valued at approximately $20,818,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of BXP at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Cohen & Steers Inc. raised its position in shares of BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after acquiring an additional 4,503,738 shares during the last quarter. Norges Bank bought a new position in BXP in the fourth quarter valued at about $689,419,000. Geode Capital Management LLC boosted its holdings in 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 valued at $287,121,000 after acquiring an additional 55,621 shares during the last quarter. Invesco Ltd. increased its position in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after purchasing an additional 204,258 shares during the period. Finally, Boston Partners increased its position in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after purchasing an additional 529,158 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at BXP
In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.
BXP Stock Performance
BXP (NYSE:BXP – Get Free Report) last issued its quarterly earnings data 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 net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $858.07 million. During the same quarter in the previous year, the company earned $1.71 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. 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, sell-side analysts forecast that BXP, Inc. will post 7.03 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. Investors of record on Tuesday, June 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. BXP’s dividend payout ratio is currently 150.54%.
Analyst Upgrades and Downgrades
BXP has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Scotiabank boosted their price target on shares of BXP from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 5th. Citigroup increased their price objective on shares of BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, BXP currently has an average rating of “Moderate Buy” and a consensus target price of $74.58.
Read Our Latest Stock Analysis on BXP
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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