Dimensional Fund Advisors LP Purchases 51,843 Shares of BXP, Inc. $BXP

Dimensional Fund Advisors LP raised its position in BXP, Inc. (NYSE:BXP) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,344,421 shares of the real estate investment trust’s stock after purchasing an additional 51,843 shares during the period. Dimensional Fund Advisors LP’s holdings in BXP were worth $121,677,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of BXP by 546.2% in the fourth quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock valued at $2,949,000 after purchasing an additional 36,944 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 worth $30,559,000 after purchasing an additional 38,639 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in BXP by 30.7% during the fourth quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust’s stock worth $22,084,000 after purchasing an additional 76,946 shares during the last quarter. Nan Fung Trinity HK Ltd. boosted its holdings in BXP by 33.7% during the fourth quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust’s stock worth $8,227,000 after purchasing an additional 30,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in BXP by 11.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust’s stock valued at $13,362,000 after purchasing an additional 19,999 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at BXP

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’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 directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,176 shares of company stock worth $2,151,552. Insiders own 1.50% of the company’s stock.

BXP Stock Performance

Shares of BXP stock opened at $69.18 on Tuesday. The stock has a market cap of $11.03 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The company has a fifty day moving average price of $65.18 and a two-hundred day moving average price of $61.02. BXP, Inc. has a one year low of $49.72 and a one year 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 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. As a group, equities analysts predict that BXP, Inc. will post 6.96 EPS for the current year.

BXP Announces Dividend

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

Wall Street Analysts Forecast Growth

BXP has been the topic of several recent research reports. Evercore set a $68.00 price target on shares of BXP in a research note on Monday, July 6th. LADENBURG THALM/SH SH increased their price objective on shares of BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Truist Financial decreased their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Mizuho lifted their target price on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a report on Sunday. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.