Birch Hill Investment Advisors LLC Buys 64,616 Shares of BXP, Inc. $BXP

Birch Hill Investment Advisors LLC raised its stake in BXP, Inc. (NYSE:BXP) by 115.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,441 shares of the real estate investment trust’s stock after acquiring an additional 64,616 shares during the period. Birch Hill Investment Advisors LLC owned approximately 0.08% of BXP worth $8,954,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in shares of BXP during the second quarter valued at about $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP in the third quarter worth about $27,000. MUFG Securities EMEA plc bought a new position in BXP during the second quarter valued at approximately $29,000. 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 valued at $32,000 after buying an additional 311 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in BXP during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Stock Performance

Shares of NYSE:BXP opened at $66.13 on Thursday. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of -52.07, a PEG ratio of 7.98 and a beta of 1.01. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33. The firm’s 50-day moving average is $70.04 and its 200 day moving average is $70.62. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts predict that BXP, Inc. will post 6.91 EPS for the current year.

BXP Announces Dividend

The firm also recently declared 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 dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s dividend payout ratio (DPR) is currently -220.47%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price objective on the stock in a report on Friday, October 17th. New Street Research set a $85.00 price target on shares of BXP in a research note on Monday, October 13th. Barclays lowered their price objective 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. Evercore ISI reduced their target price on shares of BXP from $77.00 to $76.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Finally, Citigroup decreased their target price on shares of BXP from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $78.30.

Insiders Place Their Bets

In other news, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $72.34, for a total transaction of $970,947.48. Following the completion of the sale, the chief financial officer directly owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. The trade was a 59.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter V. Otteni sold 4,136 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total transaction of $300,480.40. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 70,710 shares of company stock worth $5,107,771. Insiders own 1.49% of the company’s stock.

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.