GC Wealth Management RIA LLC Takes $323,000 Position in BXP, Inc. $BXP

Key Points

• GC Wealth Management RIA LLC has acquired a new stake in BXP, Inc. worth approximately $323,000 by purchasing 4,783 shares during the 2nd quarter of the year.
• Analysts have issued varying target prices for BXP, with Piper Sandler raising their target from $80 to $90 while several others maintain ratings from "buy" to "hold."
• BXP has declared a quarterly dividend of $0.70 per share, resulting in an annualized yield of 3.7%, although the dividend payout ratio is exceptionally high at 9,333.33%.

GC Wealth Management RIA LLC purchased a new stake in BXP, Inc. (NYSE:BXP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,783 shares of the real estate investment trust's stock, valued at approximately $323,000.

Several other large investors have also modified their holdings of BXP. Sentry Investment Management LLC acquired a new position in shares of BXP in the 1st quarter valued at $34,000. NewSquare Capital LLC lifted its stake in shares of BXP by 98.3% in the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock valued at $7,281,000 after purchasing an additional 53,727 shares during the last quarter. Sound Income Strategies LLC lifted its stake 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 worth $293,000 after acquiring an additional 556 shares in the last quarter. Spirit of America Management Corp NY lifted its stake 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 worth $465,000 after acquiring an additional 500 shares in the last quarter. Finally, Altrius Capital Management Inc lifted its stake in BXP by 3.7% during the 1st quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock worth $4,491,000 after acquiring an additional 2,375 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial increased their target price on BXP from $71.00 to $77.00 and gave the stock a "hold" rating in a research note on Wednesday, September 10th. BMO Capital Markets decreased their target price on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. The Goldman Sachs Group increased their target price on BXP from $67.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Evercore ISI increased their target price on BXP from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Piper Sandler increased their target price on BXP from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $77.88.

BXP Price Performance

BXP stock opened at $76.32 on Thursday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The firm has a market capitalization of $12.09 billion, a P/E ratio of 2,544.98, a P/E/G ratio of 7.79 and a beta of 1.22. The business's 50-day moving average is $71.10 and its two-hundred day moving average is $68.54. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. The company had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.BXP's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. BXP's dividend payout ratio (DPR) is currently 9,333.33%.

BXP 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.

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BXP, Inc. (NYSE:BXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.