Allspring Global Investments Holdings LLC Has $218.68 Million Holdings in BXP, Inc. $BXP

Allspring Global Investments Holdings LLC trimmed its position in shares of BXP, Inc. (NYSE:BXP) by 30.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,865,301 shares of the real estate investment trust’s stock after selling 1,243,392 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BXP were worth $218,680,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BXP during the second quarter worth $306,000. Voya Investment Management LLC increased its stake in shares of BXP by 1.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock valued at $110,835,000 after purchasing an additional 15,507 shares during the last quarter. Swedbank AB raised its holdings in shares of BXP by 13.9% during the 3rd quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock worth $10,541,000 after buying an additional 17,253 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BXP by 9.9% during 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. Finally, Daiwa Securities Group Inc. lifted its position in shares of BXP by 70.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after buying an additional 472,221 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BXP. Citigroup boosted their target price on BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. New Street Research set a $85.00 price objective on shares of BXP in a research note on Monday, October 13th. The Goldman Sachs Group set a $77.00 target price on shares of BXP and gave the company a “neutral” rating in a research report on Friday, October 17th. Mizuho decreased their target price on shares of BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Finally, Barclays cut their price objective on BXP from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Monday, December 1st. Ten investment 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $79.10.

BXP Stock Performance

NYSE:BXP opened at $69.25 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a 50 day simple moving average of $70.76 and a two-hundred day simple moving average of $70.81. The company has a market capitalization of $10.97 billion, a PE ratio of -54.53, a P/E/G ratio of 6.45 and a beta of 0.99.

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

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is -220.47%.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer directly owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. The trade was a 59.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Stroman sold 16,838 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,710 shares of company stock valued at $5,107,771 over the last 90 days. 1.35% of the stock is owned by company insiders.

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.