KLP Kapitalforvaltning AS Sells 4,200 Shares of BXP, Inc. $BXP

Key Points

• KLP Kapitalforvaltning AS reduced its stake in BXP, Inc. by 3.5%, selling 4,200 shares and holding approximately 116,272 shares valued at $7,942,000.
• BXP reported $1.71 EPS for its latest quarter, exceeding analyst estimates of $1.67, with a revenue increase of 2.1% year-over-year.
• The firm's recent quarterly dividend of $0.70 per share leads to an annualized dividend of $2.80, representing a 3.9% dividend yield.

KLP Kapitalforvaltning AS lessened its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,272 shares of the real estate investment trust's stock after selling 4,200 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.07% of BXP worth $7,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional raised its stake in BXP by 24.6% during the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 301 shares during the period. Hilltop National Bank purchased a new position in BXP during the 2nd quarter valued at approximately $111,000. Brooklyn Investment Group grew its holdings in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 1,069 shares in the last quarter. Patton Fund Management Inc. purchased a new position in BXP during the 2nd quarter valued at approximately $226,000. Finally, Prime Capital Investment Advisors LLC grew its holdings in BXP by 8.4% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the real estate investment trust's stock valued at $256,000 after buying an additional 295 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

BXP Price Performance

NYSE:BXP opened at $71.33 on Friday. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 2,378.29, a PEG ratio of 7.65 and a beta of 1.22. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11. The business has a 50 day simple moving average of $71.68 and a 200-day simple moving average of $68.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $868.46 million during 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%.The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period 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. Equities analysts forecast that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP's dividend payout ratio (DPR) is currently 9,333.33%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BXP shares. Scotiabank cut their price target on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. UBS Group raised their price target on BXP from $68.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th. The Goldman Sachs Group raised their price target on BXP from $67.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and raised their price target for the company from $72.00 to $78.00 in a report on Monday, June 23rd. Finally, Compass Point cut BXP from a "buy" rating to a "neutral" rating and set a $75.00 price target for the company. in a report on Wednesday, September 10th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $77.88.

BXP Company 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.

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