BXP, Inc. $BXP Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its BXP stake by 5.7% in the second quarter, selling 74,403 shares and retaining 1.23 million shares worth approximately $81.7 million. Institutional investors collectively own 98.72% of BXP.
• Analysts maintain a favorable outlook, with 11 Buy ratings and nine Holds producing a consensus “Moderate Buy” rating and an average price target of $75.05.
• BXP exceeded quarterly expectations with adjusted EPS of $0.43 versus the $0.40 estimate and revenue of $895.7 million. The REIT also pays a quarterly dividend of $0.70 per share, equivalent to a 4.2% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of BXP, Inc. (NYSE:BXP - Free Report) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,232,500 shares of the real estate investment trust's stock after selling 74,403 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of BXP worth $81,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Keybank National Association OH raised its position in shares of BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 183 shares during the period. State of Wyoming boosted its position in shares of BXP by 45.5% in 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 during the period. Minot DeBlois Advisors LLC boosted its position in shares of BXP by 2.5% in the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 196 shares during the period. Rexford Capital Inc. increased its stake in BXP by 11.9% in the 4th quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in BXP by 3.8% in the 4th quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust's stock worth $406,000 after purchasing an additional 217 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BXP. Evercore set a $68.00 price target on shares of BXP in a research report on Monday, July 6th. Citigroup boosted their target price on shares of BXP from $58.00 to $69.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH increased their target price on BXP from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Barclays raised their target price on BXP from $65.00 to $79.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, UBS Group lifted their price target on BXP from $61.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.05.

BXP Stock Performance

Shares of NYSE BXP opened at $67.11 on Thursday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a market cap of $10.71 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.51 and a beta of 1.01. The business's 50 day moving average is $68.61 and its two-hundred day moving average is $61.77. 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 data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $895.70 million for 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 business's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that BXP, Inc. will post 7.02 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 given a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.2%. BXP's dividend payout ratio (DPR) is 150.54%.

Insider Transactions at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer owned 5,839 shares of the company's stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

BXP Profile

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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