California State Teachers Retirement System Sells 2,808 Shares of BXP, Inc. $BXP

Key Points

• California State Teachers Retirement System reduced its BXP stake by 1.6%, selling 2,808 shares and retaining 174,713 shares worth approximately $11.6 million. Institutional investors and hedge funds collectively own 98.72% of BXP.
• Analyst sentiment is broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $75.28; several firms recently raised their targets to between $82 and $87.
• BXP shares recently traded at $64.14, while the REIT reported quarterly EPS of $0.43, exceeding estimates, and revenue of $895.7 million. The company also pays a quarterly dividend of $0.70, equivalent to a 4.4% annual yield.

California State Teachers Retirement System cut its stake in BXP, Inc. (NYSE:BXP - Free Report) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,713 shares of the real estate investment trust's stock after selling 2,808 shares during the period. California State Teachers Retirement System owned 0.11% of BXP worth $11,585,219 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BXP. BlackRock Inc. bought a new stake in shares of BXP in the 2nd quarter valued at about $1,192,349,000. Norges Bank bought a new stake in BXP in the 4th quarter worth about $689,419,000. Cohen & Steers Inc. boosted its position in shares of BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust's stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the period. Bank of America Corp DE bought a new stake in shares of BXP in the 2nd quarter valued at approximately $186,471,000. Finally, Legal & General Group Plc bought a new position in BXP during the 2nd quarter worth about $83,987,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on BXP from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Citigroup raised their price target 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. JPMorgan Chase & Co. boosted their target price on shares of BXP from $79.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Evercore set a $68.00 price objective on shares of BXP in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a research note on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.28.

BXP Price Performance

Shares of BXP stock traded down $0.36 on Tuesday, reaching $64.14. The company's stock had a trading volume of 306,374 shares, compared to its average volume of 1,897,242. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01. The stock's fifty day simple moving average is $68.29 and its 200-day simple moving average is $62.04. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. During the same quarter in the previous year, the business earned $1.71 EPS. BXP's revenue for the quarter was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Analysts forecast that BXP, Inc. will post 7.02 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.4%. BXP's dividend payout ratio (DPR) is 150.54%.

About BXP

BXP, Inc NYSE: BXP, formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company's portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.

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