BXP, Inc. $BXP Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of BXP, Inc. (NYSE:BXP) by 546.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,708 shares of the real estate investment trust’s stock after purchasing an additional 36,944 shares during the period. SG Americas Securities LLC’s holdings in BXP were worth $2,949,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Invesco Ltd. boosted its stake in shares of BXP by 44.9% in the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after buying an additional 1,207,607 shares in the last quarter. Daiwa Securities Group Inc. raised its position in BXP by 76.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock worth $149,576,000 after acquiring an additional 873,974 shares in the last quarter. Bamco Inc. NY acquired a new stake in BXP in the second quarter valued at $38,580,000. Boston Partners lifted its holdings in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after acquiring an additional 529,158 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of BXP by 145.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 663,445 shares of the real estate investment trust’s stock worth $49,475,000 after purchasing an additional 393,255 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BXP has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of BXP from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Truist Financial dropped their target price on shares of BXP from $74.00 to $70.00 and set a “hold” rating for the company in a report on Monday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price target on shares of BXP in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group set a $72.00 price objective on BXP in a report on Wednesday, February 4th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.10.

Insiders Place Their Bets

In related news, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at approximately $1,064,392.08. This represents a 23.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,887 shares of company stock valued at $476,930. Insiders own 1.49% of the company’s stock.

BXP Stock Performance

Shares of BXP opened at $51.78 on Friday. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The stock has a market cap of $8.21 billion, a P/E ratio of 29.76, a PEG ratio of 2.21 and a beta of 1.03. 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 company has a 50-day moving average of $57.70 and a two-hundred day moving average of $66.32.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 5.4%. BXP’s dividend payout ratio (DPR) is presently 160.92%.

About BXP

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.