Barclays PLC Has $93.78 Million Stock Holdings in BXP, Inc. $BXP

Barclays PLC boosted its position in BXP, Inc. (NYSE:BXP) by 14.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,556 shares of the real estate investment trust’s stock after buying an additional 163,949 shares during the period. Barclays PLC owned approximately 0.80% of BXP worth $93,784,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BXP. Loomis Sayles & Co. L P acquired a new stake in BXP in the second quarter valued at approximately $25,000. Muzinich & Co. Inc. bought a new position in shares of BXP in the 3rd quarter worth $27,000. MUFG Securities EMEA plc bought a new position in shares of BXP in the 2nd quarter worth $29,000. Avalon Trust Co acquired a new stake in BXP in the 3rd quarter valued at $36,000. Finally, Rothschild Investment LLC increased its stake in BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 255 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on BXP. Scotiabank lowered their price objective on shares of BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their target price on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Mizuho lowered shares of BXP from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Wells Fargo & Company cut their price target on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, The Goldman Sachs Group set a $72.00 price objective on BXP in a report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.00.

Insider Transactions at BXP

In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $59.69, for a total transaction of $327,996.55. Following the completion of the transaction, the executive vice president owned 17,832 shares in the company, valued at $1,064,392.08. This trade represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Owen D. Thomas sold 1,198 shares of BXP stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,887 shares of company stock worth $476,930 over the last 90 days. 1.35% of the stock is currently owned by company insiders.

BXP Trading Down 4.5%

NYSE:BXP opened at $52.96 on Monday. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $8.40 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The firm’s 50 day moving average is $63.58 and its 200 day moving average is $69.13. BXP, Inc. has a 12 month low of $52.82 and a 12 month high of $79.33.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, December 31st. BXP’s payout ratio is currently 160.92%.

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.