APG Asset Management US Inc. Has $564.88 Million Holdings in BXP, Inc. $BXP

APG Asset Management US Inc. grew its stake in BXP, Inc. (NYSE:BXP) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,401,513 shares of the real estate investment trust’s stock after purchasing an additional 232,591 shares during the quarter. BXP comprises approximately 4.2% of APG Asset Management US Inc.’s holdings, making the stock its 7th largest holding. APG Asset Management US Inc. owned 4.67% of BXP worth $564,883,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after purchasing an additional 1,016,579 shares during the last quarter. State Street Corp grew its position in shares of BXP by 1.7% during the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after buying an additional 186,269 shares during the period. Norges Bank bought a new stake in shares of BXP in the 2nd quarter valued at about $686,886,000. Geode Capital Management LLC raised its position in shares of BXP by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after acquiring an additional 68,481 shares during the period. Finally, Boston Partners raised its position in shares of BXP by 15.5% in the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after acquiring an additional 403,090 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Trading Down 5.7%

Shares of NYSE:BXP opened at $57.69 on Friday. The company’s 50-day moving average price is $64.97 and its two-hundred day moving average price is $69.47. BXP, Inc. has a one year low of $54.22 and a one year high of $79.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. The stock has a market capitalization of $9.14 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is presently 160.92%.

Insider Activity at BXP

In other BXP news, EVP Hilary J. Spann sold 1,194 shares of the firm’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 completion of the transaction, the executive vice president directly owned 17,832 shares in the company, valued at $1,128,943.92. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raymond A. Ritchey sold 36,314 shares of the business’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 value of $2,621,144.52. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,706 shares of company stock valued at $2,770,078. Insiders own 1.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a report on Thursday, December 4th. Wells Fargo & Company reduced their price target on shares of BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Mizuho cut shares of BXP from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $79.00 to $62.00 in a research report on Tuesday, February 24th. Truist Financial dropped their price objective on BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Finally, Evercore reduced their target price on BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.45.

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.