California State Teachers Retirement System Purchases 11,407,698 Shares of BXP, Inc. $BXP

Key Points

• California State Teachers Retirement System increased its BXP stake by 6,426.1%, acquiring 11.4 million additional shares and holding approximately 7.26% of the company, valued at $768.2 million.
• BXP reported quarterly earnings of $0.43 per share, exceeding analysts’ $0.40 estimate, while revenue rose 3.1% year over year to $895.7 million. The REIT also declared a quarterly dividend of $0.70 per share, representing a 4.3% yield.
• Analysts maintain a “Moderate Buy” consensus, with a $75.28 average price target compared with BXP’s reported share price of $64.76; institutional investors own 98.72% of the stock.

California State Teachers Retirement System raised its position in shares of BXP, Inc. (NYSE:BXP - Free Report) by 6,426.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,585,219 shares of the real estate investment trust's stock after acquiring an additional 11,407,698 shares during the period. California State Teachers Retirement System owned approximately 7.26% of BXP worth $768,216,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in BXP by 30.7% during the fourth quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust's stock valued at $22,084,000 after purchasing an additional 76,946 shares in the last quarter. Janus Henderson Group PLC boosted its stake in BXP by 481.7% in the 1st quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust's stock valued at $3,626,000 after buying an additional 57,889 shares in the last quarter. DJE Kapital AG acquired a new stake in BXP in the 4th quarter valued at $2,792,000. Arrowstreet Capital Limited Partnership bought a new stake in BXP in the first quarter valued at $4,938,000. Finally, Norges Bank bought a new stake in BXP in the fourth quarter valued at $689,419,000. 98.72% of the stock is owned by institutional investors.

BXP Price Performance

BXP opened at $64.76 on Monday. The stock has a market cap of $10.34 billion, a P/E ratio of 34.82, a P/E/G ratio of 2.42 and a beta of 1.01. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The company has a fifty day simple moving average of $68.41 and a 200 day simple moving average of $62.01.

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

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP's dividend payout ratio (DPR) is currently 150.54%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BXP shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BXP in a report on Wednesday, August 12th. Wall Street Zen raised shares of BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Barclays increased their target price on shares of BXP from $65.00 to $79.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on shares of BXP from $77.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Finally, Scotiabank boosted their price target on shares of BXP from $74.00 to $76.00 and gave the company a "sector outperform" rating in a research report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.28.

BXP Company Profile

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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