J. Goldman & Co LP Takes $4 Million Position in BXP, Inc. $BXP

J. Goldman & Co LP purchased a new position in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,385,479 shares of the real estate investment trust's stock, valued at approximately $4,004,000. J. Goldman & Co LP owned approximately 0.87% of BXP at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BXP. Hsbc Holdings PLC bought a new stake in BXP during the 2nd quarter valued at approximately $50,793,000. Legal & General Group Plc bought a new position in shares of BXP in the 2nd quarter worth approximately $83,987,000. The Manufacturers Life Insurance Company purchased a new position in shares of BXP in the 2nd quarter valued at approximately $8,165,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of BXP in the 2nd quarter valued at approximately $1,051,000. Finally, Cetera Trust Company N.A bought a new stake in shares of BXP during the second quarter valued at approximately $224,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BXP has been the subject of a number of research reports. Mizuho increased their price objective on BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Evercore set a $68.00 target price on BXP in a research note on Monday, July 6th. Truist Financial reduced their price target on BXP from $70.00 to $64.00 and set a "hold" rating for the company in a report on Tuesday, May 26th. Piper Sandler lifted their price target on BXP from $75.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, UBS Group upped their price target on shares of BXP from $61.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.68.

BXP Trading Up 3.1%

BXP stock opened at $72.14 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33. The stock has a market capitalization of $11.52 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The business's fifty day moving average is $68.09 and its 200 day moving average is $61.54.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates 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 revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, sell-side analysts predict that BXP, Inc. will post 7.03 EPS for the current year.

BXP Announces Dividend

The business also recently disclosed 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 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP's payout ratio is presently 150.54%.

Insiders Place Their Bets

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