10,895 Shares in BXP, Inc. $BXP Acquired by Vanderbilt University

Key Points

• Vanderbilt University acquired 10,895 shares of BXP, Inc. in Q2, valued at approximately $735,000, indicating significant interest from institutional investors, which collectively own about 98.72% of the company.
• BXP reported Q2 earnings of $1.71 per share, surpassing estimates, with a revenue of $868.46 million, up 2.1% year-over-year.
• The company recently declared a quarterly dividend of $0.70, despite having a payout ratio of 9,333.33%, which raises concerns about sustainability amidst recent earnings changes.

Vanderbilt University bought a new position in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,895 shares of the real estate investment trust's stock, valued at approximately $735,000.

A number of other hedge funds also recently bought and sold shares of BXP. Sentry Investment Management LLC bought a new stake in BXP in the 1st quarter worth approximately $34,000. CX Institutional increased its stake in BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 301 shares during the period. Hilltop National Bank purchased a new position in shares of BXP during the second quarter valued at approximately $111,000. Brooklyn Investment Group grew its stake in BXP by 124.6% in the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the period. Finally, Patton Fund Management Inc. purchased a new stake in BXP in the second quarter worth $226,000. Institutional investors own 98.72% of the company's stock.

BXP Price Performance

NYSE:BXP opened at $75.58 on Friday. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The business's 50-day simple moving average is $71.19 and its two-hundred day simple moving average is $68.59. The stock has a market cap of $11.97 billion, a PE ratio of 2,520.01, a P/E/G ratio of 8.00 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, analysts forecast that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. BXP's payout ratio is presently 9,333.33%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BXP. BMO Capital Markets lowered their price target on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Morgan Stanley increased their price target on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Mizuho decreased their price target on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Wells Fargo & Company decreased their price target on BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Finally, Wall Street Zen cut BXP from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $77.88.

BXP Company Profile

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

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