Groupe la Francaise Sells 10,768 Shares of BXP, Inc. $BXP

Groupe la Francaise lessened its holdings in shares of BXP, Inc. (NYSE:BXP) by 19.0% in the second quarter, HoldingsChannel.com reports. The fund owned 45,765 shares of the real estate investment trust’s stock after selling 10,768 shares during the period. Groupe la Francaise’s holdings in BXP were worth $3,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BXP in the 2nd quarter worth about $306,000. Cetera Investment Advisers lifted its position in BXP by 9.9% in the 2nd quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust’s stock worth $3,538,000 after buying an additional 4,744 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in BXP by 10.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,316 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 592 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BXP by 16.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 114,062 shares of the real estate investment trust’s stock worth $7,717,000 after buying an additional 16,290 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in BXP by 0.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after acquiring an additional 17,385 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other BXP news, EVP Raymond A. Ritchey sold 36,314 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 70,710 shares of company stock worth $5,107,771. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of recent research reports. The Goldman Sachs Group set a $77.00 price objective on shares of BXP and gave the stock a “neutral” rating in a report on Friday, October 17th. Jefferies Financial Group boosted their price target on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a research report on Thursday. Evercore ISI decreased their price objective on BXP from $77.00 to $76.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Finally, Piper Sandler boosted their target price on BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, September 9th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.21.

BXP Stock Performance

Shares of NYSE:BXP opened at $71.16 on Thursday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average price of $71.98 and a 200-day moving average price of $70.73. The company has a market cap of $11.28 billion, a price-to-earnings ratio of -56.03, a price-to-earnings-growth ratio of 6.73 and a beta of 0.99. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $83.29.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.BXP’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, equities analysts anticipate that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 30th. BXP’s dividend payout ratio is currently -220.47%.

About BXP

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.