21,793 BXP, Inc. $BXP Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its BXP stake by 10.4% in the third quarter, purchasing 21,793 additional shares and bringing its holdings to 232,018 shares valued at approximately $14.2 million.
• BXP reported quarterly EPS of $0.71, exceeding the $0.50 analyst consensus, while revenue rose 4.6% year over year to $911.4 million.
• The REIT maintains a quarterly dividend of $0.70, equivalent to a 4.5% yield, and analysts give BXP a “Moderate Buy” consensus rating with an average price target of $72.56.

Asset Management One Co. Ltd. lifted its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 232,018 shares of the real estate investment trust's stock after purchasing an additional 21,793 shares during the period. Asset Management One Co. Ltd. owned 0.15% of BXP worth $14,179,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BXP. Silvant Capital Management LLC acquired a new position in shares of BXP during the second quarter worth approximately $41,000. Eastern Bank raised its position in shares of BXP by 108.7% during the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 339 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of BXP in the third quarter valued at about $48,000. Trust Co. of Vermont bought a new stake in shares of BXP in the second quarter valued at about $51,000. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of BXP in the third quarter valued at about $61,000. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Trading Down 0.4%

Shares of BXP opened at $62.79 on Friday. The stock's fifty day simple moving average is $63.21 and its 200-day simple moving average is $62.13. The firm has a market capitalization of $10.03 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $74.94. The company has a quick ratio of 3.91, a current ratio of 4.93 and a debt-to-equity ratio of 2.17.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.21. The firm had revenue of $911.43 million during the quarter, compared to analyst estimates of $892.51 million. BXP had a return on equity of 6.89% and a net margin of 14.99%. The company's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. As a group, research analysts predict that BXP, Inc. will post 7.07 earnings per share for the current year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, September 30th. BXP's dividend payout ratio is currently 150.54%.

Analysts Set New Price Targets

A number of brokerages have commented on BXP. Wells Fargo & Company raised their price objective on BXP from $77.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Truist Financial boosted their price objective on BXP from $64.00 to $68.00 and gave the company a "hold" rating in a research report on Wednesday, September 9th. LADENBURG THALM/SH SH upped their target price on BXP from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Piper Sandler raised their target price on BXP from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, UBS Group lifted their price target on shares of BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, BXP presently has an average rating of "Moderate Buy" and an average target price of $72.56.

About BXP

BXP, Inc NYSE: BXP, formerly known as Boston Properties, Inc, is a self-administered and self-managed real estate investment trust that develops, owns, manages and operates primarily office properties in the United States. The company focuses on high-quality commercial real estate in major gateway markets.

BXP's portfolio includes office buildings, mixed-use properties and life science facilities. Its activities span property acquisition, development, redevelopment, leasing and ongoing management.

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