41,139 Shares in BXP, Inc. $BXP Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 41,139 shares of BXP during the second quarter, valued at approximately $2.7 million. Institutional investors collectively own 98.72% of the REIT’s outstanding shares.
• BXP reported quarterly EPS of $0.43, beating estimates of $0.40, while revenue rose 3.1% year over year to $895.7 million. The company pays a quarterly dividend of $0.70 per share, representing a 4.2% annualized yield.
• Analyst sentiment is moderately positive, with an average rating of “Moderate Buy” and a consensus price target of $75.05, compared with shares trading near $67.09.

Corient Private Wealth LP bought a new stake in BXP, Inc. (NYSE:BXP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 41,139 shares of the real estate investment trust's stock, valued at approximately $2,728,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXP. Palogic Value Management L.P. acquired a new stake in shares of BXP in the second quarter valued at $848,000. Bamco Inc. NY acquired a new position in BXP during the 2nd quarter worth about $20,725,000. Bank of America Corp DE purchased a new position in BXP during the 2nd quarter valued at about $186,471,000. Jupiter Topco LLC acquired a new position in BXP in the 2nd quarter valued at about $4,636,000. Finally, Hsbc Holdings PLC acquired a new position in BXP in the 2nd quarter valued at about $50,793,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

BXP Trading Down 1.3%

Shares of NYSE:BXP opened at $67.09 on Wednesday. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The company's 50 day moving average is $68.55 and its two-hundred day moving average is $61.71. 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 market cap of $10.71 billion, a PE ratio of 36.07, a P/E/G ratio of 2.54 and a beta of 1.01.

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

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP's dividend payout ratio is currently 150.54%.

Insider Activity at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company's stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BXP shares. Citigroup increased their price target on shares of BXP from $58.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Cantor Fitzgerald cut their target price on shares of BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, May 15th. UBS Group increased their target price on shares of BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Truist Financial decreased their price target on shares of BXP from $70.00 to $64.00 and set a "hold" rating for the company in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised BXP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, BXP currently has an average rating of "Moderate Buy" and an average price target of $75.05.

BXP Company Profile

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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