Raymond Ritchey Sells 36,314 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) EVP Raymond Ritchey sold 36,314 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BXP Stock Down 0.8%

BXP stock opened at $71.16 on Thursday. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of -56.03, a PEG ratio of 6.73 and a beta of 0.99. The company’s 50 day simple moving average is $71.98 and its 200 day simple moving average is $70.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 4.50. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $83.29.

BXP (NYSE:BXP) last posted its 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 company had revenue of $871.51 million for 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%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, sell-side analysts anticipate that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

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

Institutional Investors Weigh In On BXP

Several institutional investors have recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of BXP during the 1st quarter worth approximately $14,737,000. Brooklyn Investment Group boosted its holdings in 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. grew its position in BXP by 9.7% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,625 shares of the real estate investment trust’s stock valued at $2,461,000 after purchasing an additional 3,224 shares in the last quarter. Jones Financial Companies Lllp increased its stake 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. lifted its position in BXP by 0.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock worth $134,461,000 after buying an additional 17,385 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Friday, October 17th. Piper Sandler lifted their price objective on BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, September 9th. New Street Research set a $85.00 target price on BXP in a research note on Monday, October 13th. Citigroup raised their target price on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, BXP currently has a consensus rating of “Hold” and a consensus target price of $79.21.

About BXP

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.