B&I Capital AG Sells 28,760 Shares of BXP, Inc. (NYSE:BXP)

B&I Capital AG lessened its stake in shares of BXP, Inc. (NYSE:BXP - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,480 shares of the real estate investment trust's stock after selling 28,760 shares during the period. BXP accounts for 1.7% of B&I Capital AG's portfolio, making the stock its 23rd largest holding. B&I Capital AG's holdings in BXP were worth $5,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BXP. Teachers Retirement System of The State of Kentucky grew its stake in shares of BXP by 4.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after acquiring an additional 441 shares during the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of BXP by 66.7% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $6,719,000 after acquiring an additional 40,000 shares during the last quarter. Altrius Capital Management Inc grew its stake in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock worth $4,491,000 after acquiring an additional 2,375 shares during the last quarter. Spirit of America Management Corp NY lifted its position in BXP by 7.8% in the first quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock worth $465,000 after purchasing an additional 500 shares during the period. Finally, Sound Income Strategies LLC lifted its position in BXP by 14.6% in the first quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 556 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on BXP shares. Wells Fargo & Company reduced their target price on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Mizuho reduced their target price on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Truist Financial reduced their target price on shares of BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley raised their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Piper Sandler dropped their price objective on shares of BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $78.07.

BXP Trading Up 1.5%

Shares of BXP stock traded up $1.06 on Tuesday, reaching $70.07. The company had a trading volume of 141,210 shares, compared to its average volume of 1,341,142. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average of $69.19 and a 200-day moving average of $68.31. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $90.11. The stock has a market cap of $11.09 billion, a PE ratio of -3,504.50, a PEG ratio of 5.65 and a beta of 1.15.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). The firm had revenue of $865.22 million for the quarter, compared to analyst estimates of $833.89 million. BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.73 EPS. On average, equities analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Monday, June 30th. BXP's dividend payout ratio is -19,600.00%.

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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