Commonwealth Equity Services LLC Purchases 9,503 Shares of BXP, Inc. $BXP

Commonwealth Equity Services LLC increased its position in shares of BXP, Inc. (NYSE:BXP) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,265 shares of the real estate investment trust’s stock after acquiring an additional 9,503 shares during the period. Commonwealth Equity Services LLC owned approximately 0.09% of BXP worth $10,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of BXP by 2.7% in the third quarter. Asset Management One Co. Ltd. now owns 299,632 shares of the real estate investment trust’s stock worth $22,275,000 after buying an additional 7,757 shares in the last quarter. Rexford Capital Inc. increased its stake in BXP by 17.2% in the 3rd quarter. Rexford Capital Inc. now owns 1,676 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 246 shares during the last quarter. Mather Group LLC. bought a new position in BXP in the 3rd quarter worth about $166,000. Vanderbilt University raised its holdings in shares of BXP by 17.4% in the 3rd quarter. Vanderbilt University now owns 12,791 shares of the real estate investment trust’s stock valued at $951,000 after acquiring an additional 1,896 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BXP during the 3rd quarter valued at about $1,026,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. New Street Research set a $85.00 price objective on shares of BXP in a research report on Monday, October 13th. Scotiabank boosted their price target on shares of BXP from $77.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. KeyCorp raised shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of BXP from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research report on Friday, October 17th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $78.15.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The transaction 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 business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at $667,191.82. The trade was a 59.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 70,710 shares of company stock valued at $5,107,771. 1.35% of the stock is owned by insiders.

BXP Price Performance

Shares of BXP stock opened at $67.96 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $79.33. The company has a fifty day moving average of $69.91 and a 200-day moving average of $70.61. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of -53.51, a price-to-earnings-growth ratio of 7.97 and a beta of 1.01.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter last year, the company earned $1.81 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities research analysts expect that BXP, Inc. will post 6.91 EPS for the current year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s payout ratio is -220.47%.

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.