Hsbc Holdings PLC boosted its stake in BXP, Inc. (NYSE:BXP – Free Report) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 776,982 shares of the real estate investment trust’s stock after purchasing an additional 123,301 shares during the period. Hsbc Holdings PLC owned about 0.49% of BXP worth $52,438,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of BXP during the fourth quarter worth $25,000. Princeton Global Asset Management LLC boosted its holdings in shares of BXP by 892.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 357 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in BXP during the 2nd quarter worth $29,000. Avalon Trust Co acquired a new position in BXP in the 3rd quarter worth about $36,000. Finally, Clearstead Advisors LLC increased its holdings in BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently commented on BXP. BMO Capital Markets reissued an “outperform” rating and set a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on shares of BXP in a report on Wednesday, May 13th. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. JPMorgan Chase & Co. decreased their price target on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. 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. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BXP has a consensus rating of “Moderate Buy” and a consensus target price of $70.90.
BXP Stock Performance
NYSE BXP opened at $64.45 on Wednesday. The company has a market cap of $10.28 billion, a P/E ratio of 32.39, a PEG ratio of 2.80 and a beta of 1.04. The company has a fifty day simple moving average of $60.46 and a 200 day simple moving average of $61.26. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. 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 (NYSE:BXP – Get Free Report) last announced its earnings results 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). BXP had a net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. During the same period in the previous year, the firm earned $1.64 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Sell-side analysts predict that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.
BXP Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is presently 140.70%.
Insider Buying and Selling
In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the sale, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 value of $119,700.00. Following the completion of the transaction, the senior vice president owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by insiders.
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.
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