765,791 Shares in BXP, Inc. $BXP Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC bought 765,791 shares of BXP during the second quarter, valued at approximately $50.8 million, giving it a 0.48% stake. Institutional investors and hedge funds collectively own 98.72% of the REIT.
• Analysts maintain a generally positive outlook, with BXP receiving a “Moderate Buy” consensus rating and an average price target of $74.68. Wells Fargo raised its target to $77, while Evercore and BMO Capital Markets set targets of $68.
• BXP exceeded quarterly earnings and revenue estimates, reporting $0.43 in EPS on $895.7 million in revenue, up 3.1% year over year. The company also declared a quarterly dividend of $0.70, representing a 4.0% annualized yield.

Hsbc Holdings PLC purchased a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 765,791 shares of the real estate investment trust's stock, valued at approximately $50,793,000. Hsbc Holdings PLC owned about 0.48% of BXP at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in shares of BXP during the fourth quarter valued at $25,000. MUFG Securities EMEA plc bought a new position in BXP during the second quarter worth $29,000. Clearstead Advisors LLC raised its position in shares of BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 268 shares in the last quarter. Silvant Capital Management LLC bought a new stake in BXP in the second quarter worth approximately $41,000. Finally, State of Wyoming lifted its position in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 193 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction 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 approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BXP shares. Evercore set a $68.00 price target on BXP in a research note on Monday, July 6th. Weiss Ratings raised shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BXP in a research report on Wednesday, August 12th. BMO Capital Markets reissued an "outperform" rating and set a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company increased their price target on BXP from $69.00 to $77.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $74.68.

BXP Trading Down 2.4%

Shares of BXP stock opened at $70.42 on Thursday. The company's 50-day moving average price is $68.24 and its 200-day moving average price is $61.59. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.69 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same quarter in the prior year, the firm posted $1.71 EPS. BXP's revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, equities analysts expect that BXP, Inc. will post 7.03 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP's dividend payout ratio is presently 150.54%.

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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