BXP, Inc. $BXP Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of BXP, Inc. (NYSE:BXP) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,714 shares of the real estate investment trust’s stock after selling 737 shares during the period. Intech Investment Management LLC’s holdings in BXP were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Nuveen LLC purchased a new stake in BXP during the 1st quarter valued at approximately $14,737,000. Brooklyn Investment Group raised its stake in shares of BXP by 124.6% during the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,069 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of BXP by 9.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,625 shares of the real estate investment trust’s stock worth $2,461,000 after purchasing an additional 3,224 shares during the period. Jones Financial Companies Lllp grew its position in BXP by 632.6% in the 1st quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock valued at $1,520,000 after buying an additional 19,528 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in BXP by 0.9% in the 1st 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 buying an additional 17,385 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Trading Down 0.5%

Shares of BXP opened at $72.36 on Monday. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $83.81. The company has a market capitalization of $11.47 billion, a PE ratio of -56.98, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20. The stock has a fifty day moving average of $72.23 and a two-hundred day moving average of $70.67. 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 (NYSE:BXP) last released its earnings results 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 business had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same period last year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, analysts forecast that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The business also recently declared 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 was Tuesday, September 30th. BXP’s dividend payout ratio is currently -220.47%.

Insider Buying and Selling at BXP

In related news, EVP John J. Stroman sold 16,838 shares of BXP stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, EVP Peter V. Otteni sold 4,136 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The SEC filing for this sale provides additional information. Insiders sold 34,396 shares of company stock valued at $2,486,626 over the last 90 days. 1.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BXP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of BXP in a research note on Monday, November 24th. Compass Point downgraded 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. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price target for the company in a report on Friday, October 17th. New Street Research set a $85.00 price objective on BXP in a report on Monday, October 13th. Finally, Evercore ISI cut their price objective on BXP from $77.00 to $76.00 and set an “in-line” rating for the company in a research report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $79.26.

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.