BlackRock Inc. Makes New $1.19 Billion Investment in BXP, Inc. $BXP

BlackRock Inc. bought a new stake in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,981,430 shares of the real estate investment trust's stock, valued at approximately $1,192,349,000. BlackRock Inc. owned 11.28% of BXP as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BXP. Pallas Capital Advisors LLC purchased a new position in shares of BXP in the 2nd quarter worth about $235,000. Deutsche Bank AG bought a new stake in BXP during the 2nd quarter valued at about $214,000. Trust Co. of Vermont bought a new stake in BXP during the 2nd quarter valued at about $51,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in BXP in the second quarter worth about $109,000. Finally, Roman Butler Fullerton & Co. bought a new position in shares of BXP in the second quarter worth approximately $250,000. 98.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm'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 completion of the sale, the chief financial officer directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

BXP has been the subject of several research analyst reports. Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BXP in a research note on Wednesday, August 12th. Wells Fargo & Company lifted their price target on shares of BXP from $69.00 to $77.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Scotiabank boosted their price objective on shares of BXP from $74.00 to $76.00 and gave the company a "sector outperform" rating in a report on Wednesday, August 5th. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of BXP from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.58.

BXP Price Performance

NYSE:BXP opened at $67.50 on Friday. The business's 50-day moving average is $67.88 and its 200 day moving average is $61.44. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a market capitalization of $10.78 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.53 and a beta of 1.01. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating 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 firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same period in the prior year, the company earned $1.71 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, equities research analysts forecast that BXP, Inc. will post 7.03 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given 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 dividend yield of 4.1%. BXP's payout ratio is currently 150.54%.

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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