Kelly Lawrence W & Associates Inc. CA Invests $1.05 Million in BXP, Inc. $BXP

Key Points

• Kelly Lawrence W & Associates acquired 15,850 shares of BXP during the second quarter, valued at approximately $1.05 million. Institutional investors collectively own 98.72% of the REIT.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $74.58; recent targets range from $68 to $80.
• BXP exceeded quarterly earnings and revenue expectations, reporting $0.43 EPS and $895.7 million in revenue. The company also paid a quarterly dividend of $0.70 per share, representing a 4.0% annualized yield.

Kelly Lawrence W & Associates Inc. CA acquired a new stake in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,850 shares of the real estate investment trust's stock, valued at approximately $1,051,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in BXP in the 4th quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new position in shares of BXP during the 2nd quarter worth $29,000. Clearstead Advisors LLC boosted its stake in BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock worth $35,000 after buying an additional 268 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of BXP in the second quarter worth approximately $41,000. Finally, State of Wyoming grew its stake in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a report on Wednesday, August 12th. Evercore set a $68.00 price objective on shares of BXP in a research report on Monday, July 6th. Wells Fargo & Company raised their target price on shares of BXP from $69.00 to $77.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Mizuho lifted their target price on shares of BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH lifted their target price on shares of BXP from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.58.

BXP Stock Up 3.4%

NYSE BXP opened at $69.99 on Tuesday. The stock has a market cap of $11.17 billion, a PE ratio of 37.63, a P/E/G ratio of 2.53 and a beta of 1.01. The business has a 50 day moving average price of $67.96 and a two-hundred day moving average price of $61.48. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week 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.

BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $895.70 million for the quarter, compared to analysts' expectations of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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 predict that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP's dividend payout ratio is presently 150.54%.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares of the company's stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.

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