BXP (NYSE:BXP) SVP Eric Kevorkian Sells 2,000 Shares of Stock

BXP, Inc. (NYSE:BXP) SVP Eric Kevorkian sold 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BXP Trading Up 0.7%

NYSE:BXP opened at $60.74 on Wednesday. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The company’s 50-day simple moving average is $56.01 and its 200 day simple moving average is $62.33. The firm has a market capitalization of $9.69 billion, a P/E ratio of 30.52, a PEG ratio of 2.60 and a beta of 1.04.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The business had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same period in the previous year, the firm earned $1.64 EPS. The company’s revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, analysts forecast that BXP, Inc. will post 6.96 EPS for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s payout ratio is presently 140.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of BXP in the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its holdings in shares of BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of BXP during the second quarter valued at approximately $29,000. Clearstead Advisors LLC raised its holdings in shares of BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 268 shares during the last quarter. Finally, Avalon Trust Co purchased a new position in shares of BXP during the third quarter valued at approximately $36,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BXP. Mizuho lowered shares of BXP from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $79.00 to $62.00 in a research note on Tuesday, February 24th. Truist Financial set a $64.00 target price on shares of BXP in a research note on Tuesday. Piper Sandler dropped their target price on shares of BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings downgraded shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, Citigroup dropped their target price on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.30.

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.