Corient Private Wealth LLC Has $2.57 Million Stock Position in BXP, Inc. $BXP

Corient Private Wealth LLC raised its stake in BXP, Inc. (NYSE:BXP) by 30.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,092 shares of the real estate investment trust’s stock after acquiring an additional 9,001 shares during the quarter. Corient Private Wealth LLC’s holdings in BXP were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in shares of BXP during the second quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in BXP during the 2nd quarter worth $29,000. REAP Financial Group LLC lifted 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 buying an additional 311 shares in the last quarter. Rothschild Investment LLC boosted its position in BXP by 67.1% in the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 255 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of BXP in the 2nd quarter valued at $43,000. 98.72% of the stock is owned by institutional investors.

Insider Activity at BXP

In related news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction 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 can be accessed through this hyperlink. Also, 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 directly owned 9,223 shares of the company’s stock, valued at $667,191.82. This represents a 59.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 70,710 shares of company stock valued at $5,107,771. Corporate insiders own 1.35% of the company’s stock.

BXP Stock Up 1.1%

Shares of NYSE:BXP opened at $69.46 on Tuesday. The company has a 50 day moving average price of $70.99 and a two-hundred day moving average price of $70.97. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. The company has a market capitalization of $11.01 billion, a PE ratio of -54.69, a PEG ratio of 6.43 and a beta of 0.99. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $79.33.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s dividend payout ratio is presently -220.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BXP. Royal Bank Of Canada raised BXP to an “outperform” rating in a research note on Thursday, December 4th. BMO Capital Markets cut their target price on shares of BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Barclays lowered their price target on shares of BXP from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Monday, December 1st. Cantor Fitzgerald assumed coverage on shares of BXP in a report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a research note on Monday, December 15th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.10.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.