Envestnet Portfolio Solutions Inc. Buys 592 Shares of BXP, Inc. $BXP

Envestnet Portfolio Solutions Inc. boosted its stake in BXP, Inc. (NYSE:BXP) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,316 shares of the real estate investment trust’s stock after purchasing an additional 592 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in BXP were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in BXP by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after purchasing an additional 17,385 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in BXP by 3.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 224,969 shares of the real estate investment trust’s stock valued at $15,179,000 after purchasing an additional 7,955 shares during the last quarter. Nuveen LLC bought a new stake in BXP in the first quarter valued at about $14,737,000. Swedbank AB increased its holdings in BXP by 14.8% in the second quarter. Swedbank AB now owns 124,545 shares of the real estate investment trust’s stock valued at $8,403,000 after purchasing an additional 16,019 shares during the last quarter. Finally, Tredje AP fonden increased its holdings in BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after purchasing an additional 95,948 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Stock Up 1.7%

BXP stock opened at $73.19 on Thursday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market capitalization of $11.59 billion, a P/E ratio of 2,440.31, a P/E/G ratio of 7.53 and a beta of 1.22. The business has a 50-day moving average of $72.80 and a 200-day moving average of $69.03. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $88.72.

BXP (NYSE:BXP) last posted its quarterly earnings data 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. The company had revenue of $868.46 million during the quarter, compared to analysts’ expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.BXP’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s dividend payout ratio is currently 9,333.33%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group boosted their target price on BXP from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Scotiabank decreased their target price on BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. New Street Research set a $85.00 target price on BXP in a research note on Monday, October 13th. Mizuho decreased their target price on BXP from $86.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, July 14th. Finally, Morgan Stanley boosted their target price on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $79.26.

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.