Banco Bilbao Vizcaya Argentaria S.A. Sells 862 Shares of BXP, Inc. $BXP

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in BXP, Inc. (NYSE:BXP) by 2.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,763 shares of the real estate investment trust’s stock after selling 862 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in BXP were worth $2,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BXP. Teachers Retirement System of The State of Kentucky grew its holdings 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. Tredje AP fonden grew its stake in BXP by 801.4% in the 1st 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 period. Nuveen LLC bought a new position in BXP in the 1st quarter valued at $14,737,000. Brooklyn Investment Group increased its position in shares of BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of BXP by 632.6% during the 1st quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock worth $1,520,000 after purchasing an additional 19,528 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction on 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 approximately $667,191.82. This trade represents a 59.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Stroman sold 16,838 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. The SEC filing for this sale provides additional information. Company insiders own 1.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the company a “neutral” rating in a research report on Friday, October 17th. UBS Group raised their price target on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Scotiabank upped their price objective on BXP from $77.00 to $81.00 and gave the company a “sector perform” rating in a research note on Thursday. New Street Research set a $85.00 price objective on BXP in a report on Monday, October 13th. Finally, Piper Sandler boosted their target price on BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, BXP has a consensus rating of “Hold” and a consensus target price of $79.42.

BXP Stock Down 0.3%

BXP stock opened at $70.60 on Monday. The stock has a 50-day simple moving average of $73.35 and a two-hundred day simple moving average of $70.26. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $84.75. The firm has a market capitalization of $11.19 billion, a PE ratio of -55.59, a PEG ratio of 7.35 and a beta of 1.20. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. The company had revenue of $871.51 million during the quarter, compared to analyst estimates of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. BXP’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, equities analysts predict that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio is presently -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.