Arjuna Capital Sells 938 Shares of BXP, Inc. $BXP

Arjuna Capital cut its position in shares of BXP, Inc. (NYSE:BXP) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,352 shares of the real estate investment trust’s stock after selling 938 shares during the period. Arjuna Capital’s holdings in BXP were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in BXP. Loomis Sayles & Co. L P purchased a new position in shares of BXP during the second quarter valued at $25,000. REAP Financial Group LLC grew its holdings in BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 311 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in BXP during the 2nd quarter worth about $43,000. Rothschild Investment LLC increased its position in BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 255 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of BXP by 143.7% in the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 723 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BXP. LADENBURG THALM/SH SH began coverage on shares of BXP in a research note on Monday, October 13th. They set a “buy” rating and a $85.00 price objective on the stock. BMO Capital Markets lowered their target price on BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Truist Financial increased their target price on BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald began coverage on BXP in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Compass Point cut BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Wednesday, September 10th. Eight 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, BXP currently has a consensus rating of “Hold” and a consensus target price of $79.21.

BXP Trading Down 0.4%

Shares of NYSE:BXP opened at $72.04 on Tuesday. The business’s 50-day moving average is $72.15 and its 200 day moving average is $70.70. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 3.76. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $83.29. The firm has a market capitalization of $11.42 billion, a P/E ratio of -56.72, a P/E/G ratio of 7.35 and a beta of 1.20.

BXP (NYSE:BXP) last issued 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. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The business had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. During the same quarter 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. On average, research analysts predict that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

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

Insiders Place Their Bets

In other BXP news, EVP Peter V. Otteni sold 4,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total transaction of $300,480.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,396 shares of company stock valued at $2,486,626. Insiders own 1.49% of the company’s stock.

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.