Aviva PLC Purchases 7,713 Shares of BXP, Inc. $BXP

Aviva PLC boosted its position in BXP, Inc. (NYSE:BXP) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,089 shares of the real estate investment trust’s stock after buying an additional 7,713 shares during the quarter. Aviva PLC owned approximately 0.08% of BXP worth $9,047,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Metis Global Partners LLC lifted its position in shares of BXP by 6.7% in the second quarter. Metis Global Partners LLC now owns 52,941 shares of the real estate investment trust’s stock worth $3,572,000 after purchasing an additional 3,313 shares in the last quarter. Penserra Capital Management LLC increased its stake in BXP by 14.4% in the 2nd quarter. Penserra Capital Management LLC now owns 19,854 shares of the real estate investment trust’s stock valued at $1,339,000 after buying an additional 2,499 shares during the last quarter. Andra AP fonden lifted its position in BXP by 27.1% during the 2nd quarter. Andra AP fonden now owns 83,789 shares of the real estate investment trust’s stock worth $5,653,000 after buying an additional 17,889 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in BXP during the 2nd quarter worth about $169,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BXP by 16.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 114,062 shares of the real estate investment trust’s stock worth $7,717,000 after buying an additional 16,290 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at BXP

In related news, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total transaction of $1,215,198.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total transaction of $970,947.48. Following the completion of the sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at $667,191.82. This trade represents a 59.27% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BXP. LADENBURG THALM/SH SH began coverage on BXP in a research report on Monday, October 13th. They issued a “buy” rating and a $85.00 target price on the stock. Weiss Ratings lowered BXP from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Compass Point downgraded BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Wednesday, September 10th. Wells Fargo & Company decreased their target price on shares of BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Finally, The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the stock a “neutral” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.26.

BXP Stock Down 1.0%

Shares of BXP opened at $71.67 on Thursday. The firm has a market cap of $11.35 billion, a P/E ratio of -56.43, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $84.75. The firm’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $70.14.

BXP (NYSE:BXP) last issued its quarterly earnings data 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 negative net margin of 5.82% and a positive return on equity of 1.35%. The firm had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. During the same period last year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

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

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.