Adelante Capital Management LLC Makes New Investment in BXP, Inc. $BXP

Adelante Capital Management LLC acquired a new stake in BXP, Inc. (NYSE:BXP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 84,018 shares of the real estate investment trust's stock, valued at approximately $5,571,000. Adelante Capital Management LLC owned about 0.05% of BXP at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Corient Private Wealth LP acquired a new stake in shares of BXP during the second quarter valued at about $2,728,000. Palogic Value Management L.P. acquired a new position in shares of BXP in the second quarter valued at approximately $848,000. Bamco Inc. NY bought a new position in BXP in the 2nd quarter valued at approximately $20,725,000. Bank of America Corp DE bought a new position in BXP in the 2nd quarter valued at approximately $186,471,000. Finally, Jupiter Topco LLC acquired a new stake in BXP during the 2nd quarter worth approximately $4,636,000. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Stock Down 2.4%

Shares of NYSE:BXP opened at $70.42 on Thursday. The firm has a fifty day moving average price of $68.24 and a two-hundred day moving average price of $61.59. 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. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (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 company had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. During the same quarter last year, the company earned $1.71 earnings per share. The firm's quarterly 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. Analysts anticipate that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Announces Dividend

The firm also recently announced 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 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 (DPR) is currently 150.54%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on BXP from $79.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday. Cantor Fitzgerald reduced their price target on BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, May 15th. LADENBURG THALM/SH SH increased their price target 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 increased their price objective on shares of BXP from $75.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, BXP currently has a consensus rating of "Moderate Buy" and an average price target of $74.68.

Insider Activity at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the 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 completion of the sale, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company's stock.

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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