Michael Labelle Sells 26,113 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 26,113 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BXP Stock Performance

NYSE:BXP opened at $66.16 on Friday. The company has a fifty day simple moving average of $58.39 and a two-hundred day simple moving average of $61.65. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.83 and a beta of 1.04. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). The company had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities analysts anticipate that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders 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 yield of 4.2%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Hedge Funds Weigh In On BXP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Barclays PLC boosted its holdings in shares of BXP by 14.9% in the 3rd quarter. Barclays PLC now owns 1,261,556 shares of the real estate investment trust’s stock valued at $93,784,000 after buying an additional 163,949 shares in the last quarter. SG Americas Securities LLC raised its stake in BXP by 546.2% during the 4th quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock worth $2,949,000 after acquiring an additional 36,944 shares in the last quarter. APG Asset Management US Inc. raised its stake in BXP by 3.2% during the 3rd 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 acquiring an additional 232,591 shares in the last quarter. Fisher Asset Management LLC lifted its position in BXP by 18.8% in the third quarter. Fisher Asset Management LLC now owns 250,316 shares of the real estate investment trust’s stock valued at $18,609,000 after acquiring an additional 39,682 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in BXP by 9.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust’s stock valued at $30,559,000 after acquiring an additional 38,639 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BXP shares. JPMorgan Chase & Co. lowered their price objective on BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Piper Sandler decreased their price target on shares of BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Evercore set a $62.00 price target on shares of BXP in a report on Wednesday, April 29th. UBS Group dropped their price objective on shares of BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Mizuho lowered shares of BXP from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $79.00 to $62.00 in a report on Tuesday, February 24th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.65.

BXP Company 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.