Nisa Investment Advisors LLC Sells 26,200 Shares of BXP, Inc. $BXP

Nisa Investment Advisors LLC cut its holdings in BXP, Inc. (NYSE:BXP) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,109 shares of the real estate investment trust’s stock after selling 26,200 shares during the period. Nisa Investment Advisors LLC’s holdings in BXP were worth $5,714,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in shares of BXP by 1.0% during the 3rd quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock worth $110,835,000 after purchasing an additional 15,507 shares during the period. Swedbank AB lifted its stake in BXP by 13.9% in the third quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock worth $10,541,000 after purchasing an additional 17,253 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BXP during the second quarter valued at approximately $306,000. Daiwa Securities Group Inc. grew its stake in shares of BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock valued at $76,787,000 after buying an additional 472,221 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of BXP by 9.9% in the second quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust’s stock worth $3,538,000 after buying an additional 4,744 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Price Performance

Shares of NYSE BXP 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. The firm has a fifty day moving average of $69.91 and a 200 day moving average of $70.61. The firm has a market cap of $10.77 billion, a PE ratio of -53.51, a PEG ratio of 7.97 and a beta of 1.01. BXP, Inc. has a one year low of $54.22 and a one year high of $79.33.

BXP (NYSE:BXP) last posted its quarterly earnings data 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 business had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, research analysts predict that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp upgraded 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. Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research report on Thursday, December 4th. Scotiabank upped their price target on shares of BXP from $77.00 to $81.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. New Street Research set a $85.00 price target on shares of BXP in a research note on Monday, October 13th. Finally, Wells Fargo & Company lowered their price objective on shares of BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BXP presently has a consensus rating of “Hold” and an average target price of $78.15.

Insider Transactions at BXP

In other news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 70,710 shares of company stock worth $5,107,771. 1.35% of the stock is owned by insiders.

BXP 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.