BXP, Inc. $BXP Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its holdings in BXP, Inc. (NYSE:BXP) by 54.4% in the first quarter, Holdings Channel reports. The institutional investor owned 26,053 shares of the real estate investment trust’s stock after selling 31,076 shares during the quarter. IFM Investors Pty Ltd’s holdings in BXP were worth $1,352,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BXP. Norges Bank purchased a new position in shares of BXP during the 4th quarter valued at approximately $689,419,000. Cohen & Steers Inc. grew its stake in BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after acquiring an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in BXP by 32,286.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after acquiring an additional 1,883,282 shares in the last quarter. 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 worth $289,701,000 after acquiring an additional 1,207,607 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in BXP by 52.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after acquiring an additional 1,053,938 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BXP

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the company’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction that occurred on 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 owned 5,839 shares of the company’s stock, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,176 shares of company stock worth $2,151,552 in the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BXP. BMO Capital Markets reaffirmed an “outperform” rating and set a $68.00 price objective on shares of BXP in a report on Tuesday, June 2nd. Truist Financial cut their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Cantor Fitzgerald decreased their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, Citigroup lowered their price objective on BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, BXP presently has a consensus rating of “Moderate Buy” and an average target price of $70.90.

BXP Stock Performance

NYSE:BXP opened at $69.28 on Friday. The company’s 50-day moving average price is $62.11 and its 200-day moving average price is $61.15. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a market cap of $11.05 billion, a P/E ratio of 34.81, a P/E/G ratio of 3.00 and a beta of 1.01. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $843.11 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, sell-side analysts forecast that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. BXP’s payout ratio is currently 140.70%.

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.