Asset Management One Co. Ltd. Acquires 7,757 Shares of BXP, Inc. $BXP

Asset Management One Co. Ltd. grew its holdings in shares of BXP, Inc. (NYSE:BXP) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,632 shares of the real estate investment trust’s stock after purchasing an additional 7,757 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of BXP worth $22,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BXP. Jones Financial Companies Lllp increased its holdings in BXP by 632.6% during the first quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock worth $1,520,000 after buying an additional 19,528 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in BXP by 0.9% in the first 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 acquiring an additional 17,385 shares during the last quarter. Czech National Bank grew its position in shares of BXP by 6.5% during the 2nd quarter. Czech National Bank now owns 35,604 shares of the real estate investment trust’s stock valued at $2,402,000 after acquiring an additional 2,181 shares during the period. Gilman Hill Asset Management LLC increased its stake in shares of BXP by 12.7% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 13,684 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of BXP by 1.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,258 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 857 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

BXP Stock Performance

BXP stock opened at $67.16 on Tuesday. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $79.33. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $10.64 billion, a PE ratio of -52.88, a price-to-earnings-growth ratio of 6.19 and a beta of 1.01. The firm’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $70.68.

BXP (NYSE:BXP) last released its quarterly earnings results 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 firm 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 business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, analysts expect that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. BXP’s payout ratio is presently -220.47%.

Analysts Set New Price Targets

Several research firms recently commented on BXP. Weiss Ratings reiterated a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Citigroup boosted their target price on BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. BMO Capital Markets dropped their price target on BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. UBS Group lifted their price objective on BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Compass Point cut BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research note on Wednesday, September 10th. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.00.

Insiders Place Their Bets

In other BXP news, EVP John J. Stroman sold 16,838 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 36,314 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total value of $2,621,144.52. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 70,710 shares of company stock worth $5,107,771. 1.35% of the stock is currently owned by insiders.

BXP Company Profile

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.