123,138 Shares in BXP, Inc. $BXP Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 123,138 shares of BXP during the second quarter, valued at approximately $8.2 million and representing 0.08% of the REIT. Institutional investors collectively own 98.72% of BXP.
• BXP reported quarterly EPS of $0.43, exceeding the $0.40 consensus estimate, while revenue rose 3.1% year over year to $895.7 million. The company declared a quarterly dividend of $0.70 per share, an annualized yield of about 4.0%.
• BXP shares opened at $69.39, and analysts maintain a “Moderate Buy” consensus with an average price target of $74.79. However, CFO Michael E. Labelle recently sold 26,113 shares, and insider ownership stands at 1.50%.

The Manufacturers Life Insurance Company acquired a new stake in shares of BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 123,138 shares of the real estate investment trust's stock, valued at approximately $8,165,000. The Manufacturers Life Insurance Company owned 0.08% of BXP as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Keybank National Association OH boosted its position in shares of BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 183 shares in the last quarter. State of Wyoming increased its position in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 193 shares in the last quarter. Minot DeBlois Advisors LLC increased its position in shares of BXP by 2.5% in the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust's stock valued at $533,000 after buying an additional 196 shares in the last quarter. Rexford Capital Inc. raised its stake in BXP by 11.9% during the 4th quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust's stock worth $127,000 after buying an additional 200 shares during the period. Finally, Mackenzie Financial Corp raised its stake in BXP by 3.8% during the 4th quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust's stock worth $406,000 after buying an additional 217 shares during the period. Institutional investors own 98.72% of the company's stock.

BXP Stock Up 0.1%

BXP stock opened at $69.39 on Monday. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The company has a fifty day simple moving average of $68.43 and a 200 day simple moving average of $61.66. The company has a market cap of $11.08 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million during the quarter, compared to analysts' expectations of $858.07 million. During the same period in the prior year, the firm posted $1.71 earnings per share. The business's quarterly revenue was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Research analysts anticipate that BXP, Inc. will post 7.02 earnings per share for the current fiscal year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP's dividend payout ratio (DPR) is presently 150.54%.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the company's 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 sale, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BXP. UBS Group increased their price target on BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Cantor Fitzgerald decreased their price objective on BXP from $79.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BXP in a research note on Wednesday, August 12th. Piper Sandler dropped their target price on shares of BXP from $90.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of BXP from $69.00 to $77.00 and gave the company 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.79.

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.

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