Truist Financial Corp Raises Holdings in BXP, Inc. $BXP

Truist Financial Corp increased its stake in shares of BXP, Inc. (NYSE:BXP) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,987 shares of the real estate investment trust’s stock after purchasing an additional 145 shares during the period. Truist Financial Corp’s holdings in BXP were worth $809,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in BXP by 14.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 556 shares during the period. Spirit of America Management Corp NY raised its stake in shares of BXP by 7.8% in the first quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 500 shares in the last quarter. Altrius Capital Management Inc raised its stake in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust’s stock valued at $4,491,000 after acquiring an additional 2,375 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of BXP by 66.7% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $6,719,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of BXP by 4.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust’s stock valued at $754,000 after acquiring an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Price Performance

Shares of BXP opened at $70.11 on Tuesday. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $90.11. The stock’s 50 day moving average is $71.86 and its two-hundred day moving average is $68.78. The firm has a market capitalization of $11.10 billion, a PE ratio of 2,337.78, a P/E/G ratio of 7.28 and a beta of 1.22. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same period in the prior year, the business posted $1.77 earnings per share. 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. Research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio is currently 9,333.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BXP shares. UBS Group increased their price objective on BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Scotiabank reduced their price objective on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. LADENBURG THALM/SH SH initiated coverage on BXP in a research note on Monday. They issued a “buy” rating and a $85.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Finally, Morgan Stanley lifted their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.95.

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.