Hsbc Holdings PLC Has $50.79 Million Stock Position in BXP, Inc. $BXP

Key Points

• HSBC Holdings reduced its BXP position by 11.5% in the second quarter, selling 99,464 shares and retaining 765,791 shares worth approximately $50.8 million. Institutional investors collectively own 98.72% of BXP.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $75.05. Wells Fargo raised its target to $82, while UBS and Mizuho maintained neutral ratings with higher targets.
• BXP reported quarterly EPS of $0.43, exceeding estimates by $0.03, while revenue rose 3.1% year over year to $895.7 million. The REIT also declared a $0.70 quarterly dividend, representing a 4.1% yield.

Hsbc Holdings PLC reduced its position in BXP, Inc. (NYSE:BXP - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 765,791 shares of the real estate investment trust's stock after selling 99,464 shares during the period. Hsbc Holdings PLC owned about 0.48% of BXP worth $50,793,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BXP. EverSource Wealth Advisors LLC grew its position in BXP by 29.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 257 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of BXP by 45.7% in the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust's stock valued at $2,724,000 after purchasing an additional 12,660 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of BXP by 29.5% in the second quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust's stock valued at $628,000 after purchasing an additional 2,089 shares in the last quarter. Jump Financial LLC boosted its position in shares of BXP by 276.0% in the second quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust's stock worth $3,175,000 after buying an additional 34,544 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of BXP by 99.3% in the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust's stock worth $7,597,000 after buying an additional 56,104 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on BXP from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st. UBS Group raised their price objective on BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 25th. Mizuho lifted their target price on BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Cantor Fitzgerald lowered their target price on BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.05.

BXP Trading Up 0.1%

BXP stock opened at $67.73 on Tuesday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market cap of $10.81 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.53 and a beta of 1.01. The company's fifty day simple moving average is $68.68 and its 200-day simple moving average is $61.91.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, sell-side analysts forecast that BXP, Inc. will post 7.02 EPS for the current fiscal year.

BXP Announces Dividend

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

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.