Empowered Funds LLC Acquires Shares of 73,993 BXP, Inc. $BXP

Key Points

• Empowered Funds LLC acquired 73,993 BXP shares during the second quarter, valued at approximately $4.9 million. Institutional investors and hedge funds collectively own 98.72% of the company.
• BXP reported quarterly EPS of $0.43, exceeding estimates of $0.40, while revenue rose 3.1% year over year to $895.7 million. The company maintained its quarterly dividend at $0.70 per share, representing a 4.1% annualized yield.
• Analysts have a “Moderate Buy” consensus rating, with an average price target of $74.79 versus the reported share price of $68.12. CFO Michael E. Labelle separately sold 26,113 shares, reducing his direct holdings by 81.73%.

Empowered Funds LLC acquired a new stake in BXP, Inc. (NYSE:BXP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,993 shares of the real estate investment trust's stock, valued at approximately $4,906,000.

A number of other hedge funds also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in BXP in the 4th quarter valued at about $25,000. MUFG Securities EMEA plc bought a new position in BXP in the 2nd quarter valued at about $29,000. Clearstead Advisors LLC lifted its position in BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 268 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of BXP during the second quarter worth approximately $41,000. Finally, State of Wyoming boosted its holdings in shares of BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares of the company's stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

BXP Stock Down 1.7%

Shares of BXP opened at $68.12 on Tuesday. 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, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The firm's 50 day moving average is $68.50 and its 200-day moving average is $61.67. The stock has a market capitalization of $10.88 billion, a PE ratio of 36.62, a P/E/G ratio of 2.59 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $895.70 million during the quarter, compared to analysts' expectations of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. 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. Equities research analysts forecast that BXP, Inc. will post 7.02 EPS for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 30th. BXP's dividend payout ratio is presently 150.54%.

Wall Street Analyst Weigh In

BXP has been the topic of a number of recent research reports. UBS Group increased their target price on BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Barclays boosted their price target on BXP from $65.00 to $79.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Citigroup upped their price objective on BXP from $58.00 to $69.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Mizuho increased their price objective on BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $74.79.

BXP Company 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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