Fisher Asset Management LLC Has $18.61 Million Holdings in BXP, Inc. $BXP

Fisher Asset Management LLC increased its stake in shares of BXP, Inc. (NYSE:BXP) by 18.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 250,316 shares of the real estate investment trust’s stock after acquiring an additional 39,682 shares during the period. Fisher Asset Management LLC’s holdings in BXP were worth $18,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Benjamin Edwards Inc. raised its stake in BXP by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 159 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BXP by 2.5% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 6,476 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 160 shares during the last quarter. O ROURKE & COMPANY Inc increased its position in shares of BXP by 3.8% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,147 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 226 shares in the last quarter. Compound Planning Inc. lifted its holdings in BXP by 6.6% during the 3rd quarter. Compound Planning Inc. now owns 3,725 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 231 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in BXP by 7.0% in the third quarter. Sage Mountain Advisors LLC now owns 3,551 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 232 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

BXP Stock Up 2.2%

NYSE BXP opened at $56.49 on Thursday. The stock has a market capitalization of $8.96 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. BXP, Inc. has a 52 week low of $53.36 and a 52 week high of $79.33. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The stock has a fifty day moving average of $64.18 and a 200-day moving average of $69.28.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s payout ratio is currently 160.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BXP shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $79.00 price objective on shares of BXP in a report on Thursday, January 29th. Citigroup dropped their price target on BXP from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 price objective on shares of BXP in a research note on Tuesday, January 6th. Wells Fargo & Company lowered their target price 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, Mizuho cut BXP from an “outperform” rating to a “neutral” rating and cut their price target for the company from $79.00 to $62.00 in a report on Tuesday, February 24th. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.00.

Insider Transactions at BXP

In related news, EVP Hilary J. Spann sold 5,495 shares of the business’s stock in a transaction that occurred on 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 directly owned 17,832 shares of the company’s stock, valued at $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total transaction of $73,341.56. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,887 shares of company stock worth $476,930. Corporate insiders own 1.49% of the company’s stock.

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.