Allstate Corp Has $2.15 Million Holdings in BXP, Inc. $BXP

Allstate Corp increased its stake in shares of BXP, Inc. (NYSE:BXP) by 492.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,812 shares of the real estate investment trust’s stock after acquiring an additional 26,441 shares during the quarter. Allstate Corp’s holdings in BXP were worth $2,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BXP. APG Asset Management US Inc. raised its holdings in BXP by 3.2% during the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after buying an additional 232,591 shares during the last quarter. Invesco Ltd. raised its holdings 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 purchasing an additional 1,207,607 shares during the last quarter. Boston Partners raised its holdings in shares of 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 purchasing an additional 529,158 shares during the last quarter. Northern Trust Corp raised its holdings in shares of BXP by 3.9% in the third quarter. Northern Trust Corp now owns 3,411,777 shares of the real estate investment trust’s stock valued at $253,632,000 after purchasing an additional 127,948 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BXP by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,256,924 shares of the real estate investment trust’s stock worth $167,785,000 after buying an additional 37,438 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

BXP Stock Down 0.1%

Shares of BXP stock opened at $60.65 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a market cap of $9.67 billion, a P/E ratio of 30.48, a PEG ratio of 2.62 and a beta of 1.04. The company’s fifty day simple moving average is $56.33 and its two-hundred day simple moving average is $62.18.

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

BXP Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on BXP. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho lowered shares of BXP from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $79.00 to $62.00 in a research report on Tuesday, February 24th. Cantor Fitzgerald cut their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft set a $61.00 price target on shares of BXP in a research note on Wednesday, May 13th. Finally, Evercore set a $62.00 price objective on shares of BXP in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.30.

Insider Transactions at BXP

In other news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’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 completion of the sale, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,063 shares of company stock worth $418,955 over the last ninety days. Insiders own 1.50% 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.