Knights of Columbus Asset Advisors LLC Cuts Stock Holdings in BXP, Inc. (NYSE:BXP)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in BXP, Inc. by 31.3%, now owning approximately 79,684 shares worth $5.3 million.
• A significant majority of BXP's stock, 98.72%, is owned by institutional investors, indicating strong confidence in the company's prospects.
• BXP recently announced a quarterly dividend of $0.98 to be paid on July 31st, representing an annualized dividend yield of 5.54%.

Knights of Columbus Asset Advisors LLC reduced its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 31.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,684 shares of the real estate investment trust's stock after selling 36,254 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.05% of BXP worth $5,354,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BXP. Canada Post Corp Registered Pension Plan acquired a new position in shares of BXP during the 4th quarter worth $32,000. Sentry Investment Management LLC purchased a new stake in BXP during the first quarter worth about $34,000. Huntington National Bank grew its position in BXP by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after buying an additional 263 shares during the period. Hurley Capital LLC purchased a new position in BXP in the fourth quarter valued at about $94,000. Finally, Kelly Lawrence W & Associates Inc. CA lifted its position in shares of BXP by 75.4% during the 4th quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,500 shares of the real estate investment trust's stock valued at $186,000 after acquiring an additional 1,075 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Trading Up 1.5%

NYSE BXP traded up $1.05 during mid-day trading on Friday, reaching $71.79. 1,540,335 shares of the stock were exchanged, compared to its average volume of 1,246,625. The stock has a market capitalization of $11.37 billion, a PE ratio of -3,587.56, a PEG ratio of 5.88 and a beta of 1.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $90.11. The business's fifty day simple moving average is $69.60 and its 200 day simple moving average is $68.30.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The business had revenue of $865.22 million for the quarter, compared to analysts' expectations of $833.89 million. During the same period in the prior year, the company earned $1.73 EPS. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Monday, June 30th. BXP's payout ratio is -19,600.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank lowered their price target on BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and upped their target price for the company from $72.00 to $78.00 in a report on Monday, June 23rd. UBS Group dropped their price target on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Truist Financial decreased their price objective on shares of BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, Piper Sandler dropped their target price on shares of BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BXP presently has a consensus rating of "Hold" and an average target price of $78.07.

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.