BXP, Inc. $BXP Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its stake in BXP, Inc. by 35.4%, owning approximately 0.19% of the company after selling over 161,000 shares.
• Several investment firms have adjusted their ratings on BXP, with Mizuho lowering its price target from $86.00 to $82.00 and JPMorgan upgrading it to a "neutral" rating with a new target of $78.00.
• BXP has announced a quarterly dividend of $0.70 with a yield of 4.0%, despite a high payout ratio of 9,333.33%.

Aberdeen Group plc lessened its stake in shares of BXP, Inc. (NYSE:BXP - Free Report) by 35.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,052 shares of the real estate investment trust's stock after selling 161,891 shares during the quarter. Aberdeen Group plc owned about 0.19% of BXP worth $19,791,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. REAP Financial Group LLC raised its stake in shares of BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 311 shares during the last quarter. CX Institutional raised its stake in shares of BXP by 24.6% during the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 301 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of BXP during the second quarter worth approximately $111,000. Brooklyn Investment Group raised its stake in shares of BXP by 124.6% during the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of BXP during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on BXP. Mizuho cut their price target on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $72.00 to $78.00 in a research note on Monday, June 23rd. Scotiabank reduced their target price on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Cantor Fitzgerald assumed coverage on shares of BXP in a research note on Wednesday, October 1st. They set an "overweight" rating and a $90.00 price target on the stock. Finally, Truist Financial upped their price target on shares of BXP from $71.00 to $77.00 and gave the stock a "hold" rating in a research note on Wednesday, September 10th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $78.95.

BXP Price Performance

BXP stock opened at $70.11 on Tuesday. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The firm's 50-day simple moving average is $71.86 and its 200 day simple moving average is $68.78. The firm has a market capitalization of $11.10 billion, a PE ratio of 2,337.78, a P/E/G ratio of 7.28 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same period in the previous year, the firm earned $1.77 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, equities research analysts predict that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 4.0%. BXP's payout ratio is presently 9,333.33%.

About BXP

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.