Amundi Reduces Holdings in BXP, Inc. $BXP

Key Points

• Amundi cut its BXP stake by 21.3% in the second quarter, selling 72,631 shares and retaining 268,507 shares valued at approximately $17.8 million. Institutional investors collectively own 98.72% of BXP.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $75.28, compared with the stock’s reported opening price of $64.76.
• BXP exceeded quarterly earnings and revenue expectations, reporting $0.43 in EPS and $895.7 million in revenue. The company also pays a quarterly dividend of $0.70 per share, equivalent to a 4.3% annual yield.

Amundi lessened its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,507 shares of the real estate investment trust's stock after selling 72,631 shares during the period. Amundi owned 0.17% of BXP worth $17,805,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new stake in shares of BXP in the fourth quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in BXP in the second quarter worth approximately $29,000. Clearstead Advisors LLC raised its position in BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 268 shares during the period. Silvant Capital Management LLC purchased a new stake in BXP in the second quarter valued at $41,000. Finally, State of Wyoming lifted its stake in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cantor Fitzgerald reduced their price objective on shares of BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Wells Fargo & Company boosted their price target on shares of BXP from $77.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. Truist Financial upped their price objective on shares of BXP from $64.00 to $68.00 and gave the stock a "hold" rating in a report on Wednesday. LADENBURG THALM/SH SH increased their price objective on shares of BXP from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Finally, BMO Capital Markets restated an "outperform" rating and set a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $75.28.

BXP Stock Up 1.6%

Shares of BXP stock opened at $64.76 on Friday. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The company has a market capitalization of $10.34 billion, a P/E ratio of 34.82, a P/E/G ratio of 2.38 and a beta of 1.01. The company has a 50 day moving average of $68.41 and a 200 day moving average of $61.99.

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

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 4.3%. BXP's dividend payout ratio (DPR) is presently 150.54%.

BXP Profile

BXP, Inc NYSE: BXP, formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company's portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BXP, Inc. (NYSE:BXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.