BXP, Inc. $BXP Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in BXP, Inc. (NYSE:BXP) by 86.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,013 shares of the real estate investment trust’s stock after purchasing an additional 16,207 shares during the quarter. CIBC Asset Management Inc’s holdings in BXP were worth $2,363,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares 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 lifted its position in BXP by 892.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 357 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in BXP in the second quarter valued at about $29,000. Clearstead Advisors LLC lifted its position in BXP by 109.4% in the fourth 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 last quarter. Finally, Avalon Trust Co acquired a new position in BXP in the third quarter valued at about $36,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction 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 sale, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 7,063 shares of company stock valued at $418,955. Corporate insiders own 1.50% of the company’s stock.

BXP Price Performance

BXP stock opened at $62.30 on Monday. The company has a market capitalization of $9.93 billion, a P/E ratio of 31.30, a PEG ratio of 2.69 and a beta of 1.04. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The business has a 50 day simple moving average of $57.30 and a 200-day simple moving average of $61.75. 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) last posted its quarterly earnings data 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). BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. During the same period in the previous year, the company posted $1.64 earnings per share. BXP’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. As a group, equities analysts anticipate that BXP, Inc. will post 6.95 EPS for the current year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.5%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BXP shares. Cantor Fitzgerald reduced their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings cut shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of BXP from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company increased their price target on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Truist Financial cut their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.65.

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.