BXP, Inc. $BXP Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its position in BXP, Inc. (NYSE:BXP) by 5.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 543,461 shares of the real estate investment trust’s stock after selling 28,349 shares during the period. Bamco Inc. NY owned 0.34% of BXP worth $40,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BXP. Norges Bank acquired a new stake in shares of BXP in the second quarter valued at about $686,886,000. Invesco Ltd. boosted its position in BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after acquiring an additional 1,207,607 shares during the last quarter. Vanguard Group Inc. boosted its position in BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in BXP by 76.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock valued at $149,576,000 after acquiring an additional 873,974 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in BXP by 354.0% during the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after acquiring an additional 678,529 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Owen D. Thomas sold 1,198 shares of the firm’s 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hilary J. Spann sold 5,495 shares of the business’s 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 sale, the executive vice president owned 17,832 shares in the company, valued at approximately $1,064,392.08. This trade represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,887 shares of company stock worth $476,930 in the last 90 days. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BXP shares. The Goldman Sachs Group set a $72.00 target price on shares of BXP in a research note on Wednesday, February 4th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research report on Thursday, December 4th. Royal Bank Of Canada raised BXP to an “outperform” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. reduced their price objective on BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, Scotiabank lowered their price objective on BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.00.

BXP Stock Down 1.4%

Shares of NYSE BXP opened at $52.00 on Monday. The company has a market capitalization of $8.25 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 5.36. The company has a 50 day simple moving average of $62.01 and a 200-day simple moving average of $68.54. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were given a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. BXP’s payout ratio 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.