Cbre Investment Management Listed Real Assets LLC Sells 43,414 Shares of BXP, Inc. $BXP

Key Points

• Cbre Investment Management Listed Real Assets LLC reduced its stake in BXP, Inc. by 25.5%, selling 43,414 shares in the first quarter, now holding a total of 127,090 shares valued at approximately $8.54 million.
• BXP recently reported Q2 earnings of $1.71 EPS, exceeding analysts' expectations, with revenue of $868.46 million, marking a 2.1% increase year-over-year.
• The company announced a quarterly dividend of $0.98 per share with a yield of 5.7%, contributing to a significant dividend payout ratio of 13,066.67%.

Cbre Investment Management Listed Real Assets LLC decreased its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 25.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,090 shares of the real estate investment trust's stock after selling 43,414 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.08% of BXP worth $8,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BXP. Sentry Investment Management LLC bought a new stake in BXP during the 1st quarter valued at $34,000. Brooklyn Investment Group raised its holdings in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,069 shares during the period. Sound Income Strategies LLC raised its holdings in BXP by 14.6% during the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock valued at $293,000 after acquiring an additional 556 shares during the period. Spirit of America Management Corp NY raised its holdings in BXP by 7.8% during the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock valued at $465,000 after acquiring an additional 500 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in BXP by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock valued at $754,000 after acquiring an additional 441 shares during the period. Institutional investors own 98.72% of the company's stock.

BXP Trading Up 2.3%

NYSE BXP traded up $1.62 during trading on Wednesday, hitting $71.10. 1,120,473 shares of the company's stock traded hands, compared to its average volume of 1,531,592. The firm has a market cap of $11.26 billion, a P/E ratio of 2,370.92, a PEG ratio of 3.85 and a beta of 1.17. The stock has a fifty day moving average of $68.19 and a two-hundred day moving average of $67.42. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.BXP's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, sell-side analysts expect that BXP, Inc. will post 6.91 EPS for the current year.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.92 annualized dividend and a dividend yield of 5.5%. BXP's dividend payout ratio (DPR) is presently 13,066.67%.

Wall Street Analyst Weigh In

BXP has been the subject of a number of recent analyst reports. Truist Financial reduced their price target on shares of BXP from $75.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Wells Fargo & Company reduced their price target on shares of BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research report on Wednesday. Mizuho reduced their price target on shares of BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. The Goldman Sachs Group cut their target price on shares of BXP from $76.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Finally, Scotiabank cut their target price on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.00.

BXP Company 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.