Centersquare Investment Management LLC Reduces Stock Holdings in BXP, Inc. $BXP

Centersquare Investment Management LLC lessened its holdings in shares of BXP, Inc. (NYSE:BXP) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,823,510 shares of the real estate investment trust’s stock after selling 208,880 shares during the period. BXP makes up 1.4% of Centersquare Investment Management LLC’s holdings, making the stock its 26th biggest position. Centersquare Investment Management LLC owned approximately 1.15% of BXP worth $135,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new stake in BXP during the 3rd quarter worth about $164,000. Fox Run Management L.L.C. purchased a new stake in shares of BXP in the third quarter worth about $819,000. TD Asset Management Inc grew its holdings in BXP by 1.9% during the third quarter. TD Asset Management Inc now owns 39,363 shares of the real estate investment trust’s stock worth $2,926,000 after acquiring an additional 749 shares during the period. Greenland Capital Management LP purchased a new position in BXP during the third quarter valued at approximately $3,944,000. Finally, Mufg Securities Americas Inc. lifted its holdings in BXP by 23.0% in the third quarter. Mufg Securities Americas Inc. now owns 3,972 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 744 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Owen D. Thomas sold 1,198 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Hilary J. Spann sold 1,194 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $63.31, for a total value of $75,592.14. Following the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at $1,128,943.92. The trade was a 6.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,706 shares of company stock worth $2,770,078. Insiders own 1.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BXP. KeyCorp raised shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Thursday, December 4th. Truist Financial lowered their price target on shares of BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. UBS Group dropped their price target on shares of BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Evercore decreased their price objective on shares of BXP from $76.00 to $73.00 and set an “in-line” rating for the company in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BXP currently has a consensus rating of “Hold” and a consensus price target of $76.20.

BXP Stock Performance

NYSE:BXP opened at $60.30 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The stock has a market capitalization of $9.56 billion, a PE ratio of 34.66, a P/E/G ratio of 2.53 and a beta of 1.01. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a fifty day moving average of $65.35 and a two-hundred day moving average of $69.52.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is currently 160.92%.

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.