BXP, Inc. $BXP Shares Sold by KBC Group NV

Key Points

• KBC Group NV cut its BXP stake by 79% in the first quarter, selling 15,062 shares and retaining 4,012 shares valued at approximately $208,000. Institutional investors collectively own 98.72% of the REIT.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and nine Holds. BXP has a consensus rating of “Moderate Buy” and an average price target of $73.11.
• BXP shares opened at $69.16, while the company reported quarterly EPS of $0.64—below the $1.58 consensus estimate—despite revenue exceeding expectations. It declared a quarterly dividend of $0.70 per share, representing a 4.0% annualized yield.

KBC Group NV decreased its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,012 shares of the real estate investment trust's stock after selling 15,062 shares during the quarter. KBC Group NV's holdings in BXP were worth $208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in BXP by 546.2% during the fourth quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust's stock valued at $2,949,000 after buying an additional 36,944 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of BXP by 9.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust's stock worth $30,559,000 after acquiring an additional 38,639 shares in the last quarter. Fisher Asset Management LLC grew its position in BXP by 30.7% during the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust's stock worth $22,084,000 after purchasing an additional 76,946 shares in the last quarter. Nan Fung Trinity HK Ltd. grew its holdings in shares of BXP by 33.7% during the fourth quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust's stock valued at $8,227,000 after buying an additional 30,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BXP by 11.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust's stock valued at $13,362,000 after acquiring an additional 19,999 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BXP

In other news, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president owned 311 shares in the company, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,176 shares of company stock valued at $2,151,552 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald dropped their price target on shares of BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, May 15th. Mizuho lifted their price target on shares of BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price objective on BXP from $82.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 1st. Evercore set a $68.00 target price on BXP in a research note on Monday, July 6th. Finally, Piper Sandler raised their target price on BXP from $75.00 to $86.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.11.

BXP Stock Up 0.1%

NYSE BXP opened at $69.16 on Monday. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The stock has a market cap of $11.03 billion, a PE ratio of 34.75, a PEG ratio of 2.98 and a beta of 1.01. The firm has a 50-day simple moving average of $65.00 and a 200 day simple moving average of $61.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.BXP's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, research analysts forecast that BXP, Inc. will post 6.96 EPS for the current year.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP's payout ratio is currently 140.70%.

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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