BXP, Inc. $BXP Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in BXP, Inc. (NYSE:BXP) by 15.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 906,266 shares of the real estate investment trust’s stock after selling 163,866 shares during the quarter. Bank of New York Mellon Corp’s holdings in BXP were worth $47,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BXP. Elyxium Wealth LLC acquired a new position in BXP in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC boosted its position in shares of BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 357 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of BXP in the second quarter valued at $29,000. Clearstead Advisors LLC raised its holdings in shares of BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares during the period. Finally, State of Wyoming lifted its position in shares of BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 193 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $287,208.78. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by company insiders.

BXP Price Performance

Shares of BXP opened at $69.16 on Friday. The firm has a fifty day moving average price of $65.00 and a 200 day moving average price of $61.06. The stock has a market cap of $11.03 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22.

BXP (NYSE:BXP) last posted its 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). The firm had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, sell-side analysts anticipate that BXP, Inc. will post 6.96 EPS for the current year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is presently 140.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BXP shares. UBS Group dropped their price objective on shares of BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Evercore set a $68.00 price target on BXP in a report on Monday, July 6th. Weiss Ratings raised BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.11.

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.