BXP, Inc. $BXP Shares Sold by Vert Asset Management LLC

Key Points

• Vert Asset Management LLC reduced its stake in BXP, Inc. by 4.8% during the second quarter, selling 3,341 shares and now holding 66,627 shares valued at approximately $4.5 million.
• BXP's latest earnings report showed an EPS of $1.71, exceeding analysts' expectations, with a revenue of $868.46 million, up 2.1% year-over-year.
• The company announced a quarterly dividend of $0.70 per share, resulting in an annualized dividend yield of 3.7%, despite an extraordinarily high dividend payout ratio of 9,333.33%.

Vert Asset Management LLC decreased its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,627 shares of the real estate investment trust's stock after selling 3,341 shares during the quarter. BXP accounts for about 1.6% of Vert Asset Management LLC's investment portfolio, making the stock its 21st largest position. Vert Asset Management LLC's holdings in BXP were worth $4,495,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BXP. Sentry Investment Management LLC acquired a new position in BXP in the first quarter worth approximately $34,000. NewSquare Capital LLC grew its position in BXP by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after buying an additional 53,727 shares during the last quarter. Sound Income Strategies LLC grew its position in 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 buying an additional 556 shares during the last quarter. Spirit of America Management Corp NY grew its position in 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 buying an additional 500 shares during the last quarter. Finally, Altrius Capital Management Inc grew its position in 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 buying an additional 2,375 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Trading Up 2.7%

Shares of NYSE:BXP opened at $76.32 on Thursday. The firm has a fifty day moving average of $71.10 and a two-hundred day moving average of $68.54. The firm has a market capitalization of $12.09 billion, a P/E ratio of 2,544.98, a price-to-earnings-growth ratio of 7.79 and a beta of 1.22. BXP, Inc. has a 12-month low of $54.22 and a 12-month 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 issued its earnings results 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 during 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 company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. 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 analysts expect that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. BXP's dividend payout ratio (DPR) is 9,333.33%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BXP shares. BMO Capital Markets decreased their price target on shares of BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Truist Financial raised their price objective 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. Wells Fargo & Company decreased their price objective on shares of BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Morgan Stanley raised their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Compass Point lowered shares of BXP from a "buy" rating to a "neutral" rating and set a $75.00 price objective for the company. in a research note on Wednesday, September 10th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.88.

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.

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