BXP, Inc. $BXP Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in BXP, Inc. by 0.5%, now holding approximately 2.60% of the company, valued at $279.88 million.
• BXP reported earnings of $1.71 per share for the most recent quarter, exceeding analysts' expectations of $1.67, along with a revenue of $868.46 million.
• The company has announced a quarterly dividend of $0.70 per share, with an annualized dividend yield of 4.0% despite a high payout ratio of 9,333.33%.

Allspring Global Investments Holdings LLC cut its stake in BXP, Inc. (NYSE:BXP - Free Report) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,108,693 shares of the real estate investment trust's stock after selling 22,648 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.60% of BXP worth $279,884,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BXP. Sound Income Strategies LLC boosted its position in shares of 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 acquiring an additional 556 shares during the last quarter. Spirit of America Management Corp NY boosted its position in shares of 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 acquiring an additional 500 shares during the last quarter. Altrius Capital Management Inc boosted its position 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. Pacific Heights Asset Management LLC boosted its position 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. Finally, Teachers Retirement System of The State of Kentucky boosted its position 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. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Trading Down 2.8%

BXP opened at $69.48 on Monday. The firm has a market capitalization of $11.00 billion, a P/E ratio of 2,316.77, a P/E/G ratio of 7.28 and a beta of 1.22. The firm's 50 day moving average is $71.77 and its 200-day moving average is $68.76. 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.

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

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. BXP's dividend payout ratio (DPR) is currently 9,333.33%.

Analysts Set New Price Targets

BXP has been the topic of several research analyst reports. Citigroup raised their target price on shares of BXP from $70.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Truist Financial raised their price target on shares of BXP from $71.00 to $77.00 and gave the company a "hold" rating in a report on Wednesday, September 10th. Scotiabank cut their price target on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Compass Point lowered shares of BXP from a "buy" rating to a "neutral" rating and set a $75.00 price target on the stock. in a report on Wednesday, September 10th. Finally, Evercore ISI raised their price target on shares of BXP from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, September 29th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $77.88.

BXP 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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