Bamco Inc. NY Takes $20.73 Million Position in BXP, Inc. $BXP

Bamco Inc. NY bought a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 312,545 shares of the real estate investment trust's stock, valued at approximately $20,725,000. Bamco Inc. NY owned 0.20% of BXP as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BXP. Elyxium Wealth LLC acquired a new stake in BXP in the 4th quarter valued at $25,000. MUFG Securities EMEA plc acquired a new position in shares of BXP during the second quarter worth $29,000. Clearstead Advisors LLC boosted its stake in shares of 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 position in shares of BXP in the second quarter valued at $41,000. Finally, State of Wyoming grew its holdings in 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 purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Trading Down 0.4%

Shares of NYSE BXP opened at $70.03 on Friday. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock's 50 day simple moving average is $68.34 and its 200 day simple moving average is $61.63. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings results 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. The company 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 for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts expect that BXP, Inc. will post 7.03 EPS for the current year.

BXP Announces Dividend

The company 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 yield of 4.0%. BXP's payout ratio is presently 150.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Piper Sandler lowered their price objective on BXP from $90.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday. Citigroup increased their target price on BXP from $58.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. UBS Group raised their price target on shares of BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.79.

Insider Buying and Selling

In other news, CFO Michael E. Labelle sold 26,113 shares of the business's 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 of the company's stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

About BXP

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source