Allstate Corp Acquires 26,441 Shares of BXP, Inc. $BXP

Key Points

• Allstate Corp sharply increased its BXP stake in the fourth quarter, buying 26,441 additional shares and boosting its holdings by 492.3% to 31,812 shares worth about $2.15 million.
• Several other institutional investors also raised their positions in BXP, with institutions now owning 98.72% of the company’s stock.
• BXP reported weaker-than-expected Q1 results, missing EPS estimates by a wide margin even as revenue slightly topped forecasts; analysts currently rate the stock a consensus Hold with a $71.30 target price.

Allstate Corp boosted its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 492.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,812 shares of the real estate investment trust's stock after purchasing an additional 26,441 shares during the period. Allstate Corp's holdings in BXP were worth $2,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its stake in BXP by 57.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 149,860 shares of the real estate investment trust's stock valued at $11,141,000 after buying an additional 54,803 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of BXP by 546.2% during the 4th quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust's stock worth $2,949,000 after purchasing an additional 36,944 shares during the last quarter. Barclays PLC increased its stake in shares of BXP by 14.9% during the 3rd quarter. Barclays PLC now owns 1,261,556 shares of the real estate investment trust's stock worth $93,784,000 after purchasing an additional 163,949 shares during the last quarter. Nan Fung Trinity HK Ltd. increased its stake in shares of BXP by 94.9% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 91,224 shares of the real estate investment trust's stock worth $6,782,000 after purchasing an additional 44,424 shares during the last quarter. Finally, APG Asset Management US Inc. increased its stake in shares of BXP by 3.2% during the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust's stock worth $564,883,000 after purchasing an additional 232,591 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Peter V. Otteni sold 4,863 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the transaction, the senior vice president owned 311 shares of the company's stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 7,063 shares of company stock valued at $418,955. 1.50% of the stock is owned by corporate insiders.

BXP Stock Performance

Shares of BXP stock opened at $60.65 on Friday. The company has a 50 day moving average of $56.33 and a 200-day moving average of $62.18. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a market cap of $9.67 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same period last year, the company posted $1.64 EPS. The business's revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities research analysts forecast that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, March 31st. BXP's dividend payout ratio is currently 140.70%.

Wall Street Analyst Weigh In

BXP has been the topic of several recent analyst reports. Scotiabank lowered their price objective on shares of BXP from $74.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Monday, March 2nd. JPMorgan Chase & Co. lowered their price objective on shares of BXP from $82.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings lowered shares of BXP from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of BXP from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Piper Sandler lowered their price objective on shares of BXP from $87.00 to $75.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $71.30.

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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