Bank of New York Mellon Corp Sells 301,687 Shares of BXP, Inc. $BXP

Bank of New York Mellon Corp trimmed its position in shares of BXP, Inc. (NYSE:BXP) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,132 shares of the real estate investment trust’s stock after selling 301,687 shares during the period. Bank of New York Mellon Corp’s holdings in BXP were worth $72,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BXP. Norges Bank bought a new stake in shares of BXP during the 4th quarter valued at $689,419,000. Invesco Ltd. increased its holdings in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after acquiring an additional 1,207,607 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in BXP by 76.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock valued at $149,576,000 after acquiring an additional 873,974 shares during the last quarter. Bamco Inc. NY bought a new stake in BXP in the 2nd quarter valued at $38,580,000. Finally, Boston Partners increased its holdings in BXP by 17.6% in the 3rd quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after acquiring an additional 529,158 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BXP shares. Deutsche Bank Aktiengesellschaft set a $61.00 price target on shares of BXP in a report on Wednesday, May 13th. Cantor Fitzgerald dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings cut 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 price target on shares of BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.65.

Insider Activity at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction that occurred on 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 approximately $18,613.35. This represents a 86.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,063 shares of company stock valued at $418,955. 1.50% of the stock is currently owned by company insiders.

BXP Price Performance

Shares of BXP opened at $66.56 on Wednesday. The company has a 50 day moving average price of $57.83 and a 200-day moving average price of $61.70. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The stock has a market capitalization of $10.61 billion, a PE ratio of 33.44, a PEG ratio of 2.79 and a beta of 1.04. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share 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 during the quarter, compared to analysts’ expectations of $843.11 million. During the same period in the previous year, the company posted $1.64 EPS. BXP’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities analysts predict that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Announces Dividend

The company 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. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, March 31st. BXP’s payout ratio is 140.70%.

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.