Landscape Capital Management L.L.C. Acquires Shares of 16,354 BXP, Inc. $BXP

Key Points

• Landscape Capital Management initiated a position in BXP during the second quarter, purchasing 16,354 shares valued at approximately $1.08 million. Institutional investors collectively own 98.72% of the company.
• Analysts maintain a “Moderate Buy” consensus on BXP, with an average price target of $74.58. Recent targets range from $69 to $86, while BXP shares recently traded at $67.50.
• BXP exceeded quarterly expectations, reporting $0.43 in EPS and $895.7 million in revenue, up 3.1% year over year. The REIT also maintains a quarterly dividend of $0.70, equivalent to a 4.1% annual yield.

Landscape Capital Management L.L.C. bought a new position in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,354 shares of the real estate investment trust's stock, valued at approximately $1,084,000.

A number of other institutional investors also recently modified their holdings of BXP. Keybank National Association OH increased its stake in shares of BXP by 5.4% in the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 183 shares during the last quarter. State of Wyoming boosted its position in BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 193 shares during the last quarter. Minot DeBlois Advisors LLC boosted its position in BXP by 2.5% during the fourth quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust's stock valued at $533,000 after purchasing an additional 196 shares during the last quarter. Rexford Capital Inc. grew its stake in BXP by 11.9% in the fourth quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in BXP by 3.8% in the fourth quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust's stock valued at $406,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on BXP from $58.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Scotiabank boosted their price target on BXP from $74.00 to $76.00 and gave the company a "sector outperform" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald dropped their price objective on BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Piper Sandler increased their price objective on BXP from $75.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price objective on shares of BXP from $69.00 to $77.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.58.

BXP Price Performance

Shares of BXP stock opened at $67.50 on Monday. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33. The firm has a fifty day simple moving average of $67.88 and a 200-day simple moving average of $61.43. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.53 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same period last year, the business posted $1.71 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. 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 expect that BXP, Inc. will post 7.03 earnings per share for the current year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. BXP's dividend payout ratio is 150.54%.

Insiders Place Their Bets

In related news, CFO Michael E. Labelle sold 26,113 shares of the business's 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 transaction, the chief financial officer directly owned 5,839 shares in the company, valued at $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 SEC, which is available at this link. 1.50% of the stock is currently owned by company 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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