Goldman Sachs Group Inc. Purchases 17,385 Shares of BXP, Inc. $BXP

Key Points

• Goldman Sachs Group Inc. increased its stake in BXP, Inc. by 0.9% during Q1, owning approximately 2,001,208 shares valued at $134.46 million.
• The company reported a quarterly EPS of $1.71, exceeding analysts' expectations, with a revenue increase of 2.1% year-over-year.
• BXP declared a quarterly dividend of $0.70 per share, with a resulting annualized yield of 3.7%, following the company's recent dividend cut.

Goldman Sachs Group Inc. grew its stake in BXP, Inc. (NYSE:BXP - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,001,208 shares of the real estate investment trust's stock after purchasing an additional 17,385 shares during the quarter. Goldman Sachs Group Inc. owned about 1.26% of BXP worth $134,461,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BXP. Sentry Investment Management LLC bought a new position in shares of BXP in the 1st quarter valued at about $34,000. Brooklyn Investment Group lifted its stake in BXP by 124.6% during the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the last quarter. Sound Income Strategies LLC lifted its stake in BXP by 14.6% during the first quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 556 shares during the last quarter. Spirit of America Management Corp NY grew its position 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 during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in BXP by 4.1% in the first 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 purchasing an additional 441 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BXP shares. Citigroup increased their price objective on shares of BXP from $70.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wells Fargo & Company dropped their target price on shares of BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. The Goldman Sachs Group lifted their target price on shares of BXP from $67.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $72.00 to $78.00 in a research report on Monday, June 23rd. Finally, Evercore ISI cut shares of BXP from an "outperform" rating to an "in-line" rating and set a $76.00 target price on the stock. in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BXP has an average rating of "Hold" and a consensus target price of $77.06.

BXP Stock Performance

Shares of NYSE:BXP opened at $76.32 on Friday. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 2,544.85, a price-to-earnings-growth ratio of 4.08 and a beta of 1.22. The company has a 50-day moving average price of $69.24 and a 200-day moving average price of $67.71. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. 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 released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. During the same period in the prior year, the firm earned $1.77 earnings per share. BXP's revenue was up 2.1% on a year-over-year basis. 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, equities analysts anticipate that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP's dividend payout ratio (DPR) is presently 9,333.33%.

About BXP

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.

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