Assenagon Asset Management S.A. Sells 4,684 Shares of BXP, Inc. $BXP

Key Points

• Assenagon Asset Management S.A. has reduced its stake in BXP, Inc. by 56.2%, leaving it with 3,654 shares valued at approximately $247,000 following the sale of 4,684 shares.
• Several other institutional investors have increased their positions in BXP, including Pacific Heights Asset Management, which raised its stake by 66.7%, and NewSquare Capital, which boosted its holdings by 98.3%.
• BXP recently announced a quarterly dividend of $0.70, despite experiencing fluctuations in earnings, with a net margin of just 0.11% during the last quarter.

Assenagon Asset Management S.A. decreased its stake in BXP, Inc. (NYSE:BXP - Free Report) by 56.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,654 shares of the real estate investment trust's stock after selling 4,684 shares during the period. Assenagon Asset Management S.A.'s holdings in BXP were worth $247,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacific Heights Asset Management LLC increased its holdings in shares of BXP by 66.7% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $6,719,000 after buying an additional 40,000 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of BXP by 98.3% in the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock valued at $7,281,000 after purchasing an additional 53,727 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust's stock valued at $134,461,000 after purchasing an additional 17,385 shares in the last quarter. Tredje AP fonden boosted its stake in shares of BXP by 801.4% in the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock valued at $7,251,000 after purchasing an additional 95,948 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of BXP in the 1st quarter valued at $14,737,000. Institutional investors own 98.72% of the company's stock.

BXP Trading Down 0.7%

NYSE:BXP opened at $74.82 on Monday. The company has a 50-day moving average price of $70.81 and a 200-day moving average price of $68.37. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $90.11. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 2,494.73, a P/E/G ratio of 8.00 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same period last year, the company posted $1.77 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities analysts predict that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP's dividend payout ratio (DPR) is presently 13,066.67%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BXP. The Goldman Sachs Group upped their price objective on shares of BXP from $67.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $72.00 to $78.00 in a research note on Monday, June 23rd. Wall Street Zen cut shares of BXP from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. UBS Group increased their price target on shares of BXP from $68.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Finally, Compass Point cut shares of BXP from a "buy" rating to a "neutral" rating and set a $75.00 price target for the company. in a research report on Wednesday, September 10th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.06.

BXP Company Profile

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

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