Bank of New York Mellon Corp Takes $63.77 Million Position in BXP, Inc. $BXP

Bank of New York Mellon Corp purchased a new position in BXP, Inc. (NYSE:BXP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 961,680 shares of the real estate investment trust's stock, valued at approximately $63,769,000. Bank of New York Mellon Corp owned about 0.60% of BXP at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BXP. Elyxium Wealth LLC purchased a new position in BXP in the fourth quarter worth about $25,000. MUFG Securities EMEA plc bought a new position in shares of BXP in the 2nd quarter worth approximately $29,000. Clearstead Advisors LLC lifted its stake in shares of BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 268 shares during the period. State of Wyoming boosted its holdings in shares of BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock worth $42,000 after buying an additional 193 shares during the last quarter. Finally, Eastern Bank boosted its holdings in shares of BXP by 108.7% in the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust's stock worth $43,000 after buying an additional 339 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BXP. Citigroup upped their target price on shares of BXP from $58.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded BXP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on BXP from $79.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Mizuho raised their price objective on BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.68.

BXP Stock Performance

NYSE BXP opened at $70.42 on Thursday. The business has a 50-day moving average price of $68.24 and a 200-day moving average price of $61.59. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.69 and a beta of 1.01. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. 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 (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 EPS. 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, equities research analysts predict that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. BXP's payout ratio is currently 150.54%.

Insider Buying and Selling

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.

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