Fisher Asset Management LLC Has $18.61 Million Stock Holdings in BXP, Inc. $BXP

Key Points

• Fisher Asset Management increased its stake in BXP by 18.8% in Q3, owning 250,316 shares worth $18.61 million (about 0.16% of the company) after buying an additional 39,682 shares.
• BXP paid a quarterly dividend of $0.70 ($2.80 annualized) for a ~5.0% yield160.92%.
• Company insiders have been net sellers recently: EVP Hilary J. Spann sold 5,495 shares and CEO Owen D. Thomas sold 1,198 shares, with insiders disposing of 7,887 shares worth $476,930 over the past 90 days (insiders own 1.49%).

Fisher Asset Management LLC lifted its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,316 shares of the real estate investment trust's stock after purchasing an additional 39,682 shares during the quarter. Fisher Asset Management LLC owned approximately 0.16% of BXP worth $18,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Loomis Sayles & Co. L P bought a new stake in BXP in the second quarter worth $25,000. Muzinich & Co. Inc. acquired a new stake in shares of BXP in the third quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in shares of BXP during the 2nd quarter worth about $29,000. Avalon Trust Co acquired a new position in shares of BXP during the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC raised its stake in shares of BXP by 67.1% in the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

BXP Stock Up 2.2%

Shares of BXP opened at $56.49 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The company has a 50-day simple moving average of $64.18 and a 200-day simple moving average of $69.28. BXP, Inc. has a 52 week low of $53.36 and a 52 week high of $79.33. The firm has a market capitalization of $8.96 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.35 and a beta of 1.01.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP's dividend payout ratio (DPR) is presently 160.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup decreased their target price on BXP from $70.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of BXP from $83.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 13th. Barclays dropped their target price on shares of BXP from $81.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. KeyCorp raised BXP from a "sector weight" rating to an "overweight" rating and set a $80.00 price target on the stock in a research report on Thursday, December 4th. Finally, Weiss Ratings raised BXP from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, BXP has a consensus rating of "Hold" and an average target price of $75.00.

Insider Buying and Selling

In other news, EVP Hilary J. Spann sold 5,495 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $59.69, for a total transaction of $327,996.55. Following the completion of the transaction, the executive vice president directly owned 17,832 shares of the company's stock, valued at approximately $1,064,392.08. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Owen D. Thomas sold 1,198 shares of BXP stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.22, for a total transaction of $73,341.56. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,887 shares of company stock worth $476,930. 1.49% of the stock is currently owned by company insiders.

About BXP

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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