Dimensional Fund Advisors LP Purchases 37,438 Shares of BXP, Inc. $BXP

Key Points

• Dimensional Fund Advisors added 37,438 shares in Q3 and now owns 2,256,924 shares of BXP—about 1.43% of the company valued at $167.8M.
• Major institutional moves include Vanguard’s 24.47M‑share stake (~$1.65B) and a new Norges Bank position (~$686.9M), with institutions owning 98.72% of BXP.
• Insiders sold 7,887 shares in the last 90 days (including EVP Hilary Spann and CEO Owen Thomas); BXP pays a 5.3% yield but has a very high payout ratio (160.92%) and is trading near its 52‑week low ($52.47).

Dimensional Fund Advisors LP lifted its position in shares of BXP, Inc. (NYSE:BXP - Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,256,924 shares of the real estate investment trust's stock after acquiring an additional 37,438 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.43% of BXP worth $167,785,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in BXP during the second quarter valued at about $686,886,000. Vanguard Group Inc. increased its stake in shares of BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares in the last quarter. Franklin Resources Inc. raised its position in shares of BXP by 354.0% in the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust's stock valued at $58,711,000 after purchasing an additional 678,529 shares during the period. Bamco Inc. NY purchased a new stake in shares of BXP during the 2nd quarter valued at approximately $38,580,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of BXP by 70.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust's stock valued at $76,787,000 after buying an additional 472,221 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Hilary J. Spann sold 5,495 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president owned 17,832 shares of the company's stock, valued at $1,064,392.08. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Owen D. Thomas sold 1,198 shares of BXP stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. The disclosure for this sale is available in the SEC filing. Insiders sold 7,887 shares of company stock worth $476,930 over the last ninety days. 1.35% of the stock is currently owned by insiders.

BXP Price Performance

NYSE:BXP opened at $52.47 on Tuesday. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 2.26 and a beta of 1.01. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The stock has a fifty day moving average of $63.25 and a 200 day moving average of $69.03. The company has a debt-to-equity ratio of 2.21, a quick ratio of 5.36 and a current ratio of 5.36.

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Wednesday, December 31st. BXP's dividend payout ratio is 160.92%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of BXP from $77.00 to $74.00 and set an "overweight" rating for the company in a research note on Tuesday, November 25th. Scotiabank cut their price target on BXP from $74.00 to $65.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Evercore reduced their price target on BXP from $76.00 to $73.00 and set an "in-line" rating for the company in a research report on Thursday, January 29th. JPMorgan Chase & Co. decreased their price objective on BXP from $83.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $70.00 price objective on shares of BXP in a report on Tuesday, January 6th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $75.00.

BXP Profile

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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