Bank of America Corp DE Invests $186.47 Million in BXP, Inc. $BXP

Key Points

• Bank of America acquired 2.81 million BXP shares worth approximately $186.47 million during the second quarter, giving it a 1.76% stake. Institutional investors collectively own 98.72% of the REIT.
• BXP reported quarterly EPS of $0.43, exceeding the $0.40 analyst estimate, while revenue rose 3.1% year over year to $895.7 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $75.11.
• BXP declared a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a 4.4% yield, though its payout ratio remains elevated at 150.54%.

Bank of America Corp DE 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,812,104 shares of the real estate investment trust's stock, valued at approximately $186,471,000. Bank of America Corp DE owned 1.76% of BXP as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of BXP in the fourth quarter worth $25,000. Clearstead Advisors LLC lifted its position in BXP by 109.4% during 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. Eastern Bank boosted its holdings in BXP by 108.7% in the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 339 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in BXP in the second quarter valued at $51,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

BXP Price Performance

Shares of BXP stock opened at $63.89 on Friday. The firm has a market cap of $10.20 billion, a PE ratio of 34.35, a P/E/G ratio of 2.39 and a beta of 1.01. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $78.23. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The business has a 50-day moving average price of $68.08 and a 200 day moving average price of $62.13.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $858.07 million. During the same quarter in the prior year, the business posted $1.71 earnings per share. BXP's revenue for the quarter 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. Sell-side analysts predict that BXP, Inc. will post 7.02 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.4%. BXP's dividend payout ratio (DPR) is currently 150.54%.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of recent research reports. Mizuho lifted their price objective on BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Citigroup upped their target price on BXP from $58.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Weiss Ratings raised BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. BMO Capital Markets reiterated an "outperform" rating and set a $68.00 price target on shares of BXP in a research report on Tuesday, June 2nd. Finally, Truist Financial boosted their price target on BXP from $64.00 to $68.00 and gave the company a "hold" rating in a report on Wednesday, September 9th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.11.

About BXP

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.