BXP Sees Unusually High Options Volume (NYSE:BXP)

BXP, Inc. (NYSE:BXP) saw some unusual options trading activity on Wednesday. Investors purchased 4,024 call options on the stock. This is an increase of 414% compared to the typical daily volume of 783 call options.

BXP Price Performance

NYSE:BXP opened at $71.67 on Thursday. BXP has a 52-week low of $54.22 and a 52-week high of $84.75. The company has a market cap of $11.35 billion, a P/E ratio of -56.43, a P/E/G 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. The stock’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $70.14.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to analyst estimates of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, sell-side analysts forecast that BXP will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BXP shares. Compass Point cut shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Wednesday, September 10th. Morgan Stanley raised their price target on BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Scotiabank reduced their price target on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Jefferies Financial Group raised their target price on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Evercore ISI upped their price objective on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.26.

Insider Activity

In other news, CFO Michael E. Labelle sold 13,422 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer owned 9,223 shares in the company, valued at $667,191.82. This represents a 59.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John J. Stroman sold 16,838 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The disclosure for this sale is available in the SEC filing. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On BXP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in BXP in the second quarter valued at approximately $686,886,000. Vanguard Group Inc. increased its holdings in shares of BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of BXP by 354.0% during the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock worth $58,711,000 after acquiring an additional 678,529 shares during the last quarter. Bamco Inc. NY bought a new stake in BXP in the 2nd quarter valued at $38,580,000. Finally, Daiwa Securities Group Inc. lifted its holdings in BXP by 70.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock valued at $76,787,000 after purchasing an additional 472,221 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Company 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.