Knights of Columbus Asset Advisors LLC Sells 23,455 Shares of BXP, Inc. $BXP

Key Points

• Knights of Columbus Asset Advisors LLC reduced its holdings in BXP, Inc. by 29.4%, selling 23,455 shares in the second quarter, leaving them with a total of 56,229 shares worth approximately $3.79 million.
• BXP reported earnings of $1.71 per share, exceeding analysts' expectations of $1.67, with revenue of $868.46 million for the quarter, up 2.1% year-over-year.
• The company announced a quarterly dividend of $0.70, resulting in an annualized dividend yield of 3.7%, despite a remarkably high dividend payout ratio of 9,333.33%.

Knights of Columbus Asset Advisors LLC cut its position in shares of BXP, Inc. (NYSE:BXP - Free Report) by 29.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,229 shares of the real estate investment trust's stock after selling 23,455 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in BXP were worth $3,794,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BXP. Truist Financial Corp raised its stake in BXP by 1.2% in the second quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust's stock valued at $809,000 after buying an additional 145 shares during the period. Venture Visionary Partners LLC increased its holdings in shares of BXP by 3.1% during the 2nd quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust's stock worth $520,000 after acquiring an additional 230 shares during the last quarter. CX Institutional grew its position in shares of BXP by 24.6% in the second 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 last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of BXP by 4.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after purchasing an additional 441 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of BXP by 10.0% during the second quarter. V Square Quantitative Management LLC now owns 5,440 shares of the real estate investment trust's stock worth $367,000 after purchasing an additional 496 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Price Performance

BXP stock opened at $75.57 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The stock has a market capitalization of $11.97 billion, a P/E ratio of 2,519.77, a price-to-earnings-growth ratio of 7.93 and a beta of 1.22. The stock has a fifty day moving average of $71.27 and a 200-day moving average of $68.64.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. During the same quarter in the previous year, the business posted $1.77 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, sell-side analysts expect that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP's dividend payout ratio is presently 9,333.33%.

Analyst Ratings Changes

Several research firms recently issued reports on BXP. Wells Fargo & Company reduced their price target on BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Compass Point downgraded shares of BXP from a "buy" rating to a "neutral" rating and set a $75.00 price target on the stock. in a research note on Wednesday, September 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of BXP in a research note on Saturday, September 27th. Evercore ISI boosted their price objective on shares of BXP from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, September 29th. Finally, Morgan Stanley raised their target price on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $77.88.

About BXP

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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