14,030 Shares in BXP, Inc. $BXP Purchased by Friedenthal Financial

Key Points

• Friedenthal Financial has acquired 14,030 shares of BXP, Inc. valued at approximately $947,000 during the second quarter, indicating institutional investment interest.
• Analysts have mixed ratings for BXP, with a consensus rating of "Hold" and a target price of $77.88, reflecting varied expectations in stock performance.
• BXP recently announced a quarterly dividend of $0.70 per share, despite an exceptionally high dividend payout ratio, signaling potential concerns over financial sustainability.

Friedenthal Financial bought a new position in BXP, Inc. (NYSE:BXP - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,030 shares of the real estate investment trust's stock, valued at approximately $947,000.

A number of other hedge funds also recently made changes to their positions in the company. Truist Financial Corp lifted its position in shares of BXP by 1.2% in the second quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust's stock worth $809,000 after buying an additional 145 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of BXP by 3.1% in the second quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust's stock worth $520,000 after buying an additional 230 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of BXP by 8.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the real estate investment trust's stock worth $256,000 after buying an additional 295 shares in the last quarter. CX Institutional lifted its position in shares of BXP by 24.6% in the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust's stock worth $103,000 after buying an additional 301 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in BXP by 4.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after acquiring an additional 441 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BXP. The Goldman Sachs Group raised their price objective on BXP from $67.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. BMO Capital Markets dropped their target price on BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a report on Tuesday, September 9th. Morgan Stanley lifted their target price on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Scotiabank dropped their target price on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Finally, Mizuho dropped their target price on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $77.88.

BXP Trading Down 1.4%

BXP opened at $73.60 on Wednesday. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 2,454.02, a P/E/G ratio of 7.82 and a beta of 1.22. The stock's 50 day moving average price is $71.43 and its 200-day moving average price is $68.71. BXP, Inc. has a one year low of $54.22 and a one year high of $90.11. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts forecast that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. BXP's dividend payout ratio is currently 9,333.33%.

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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