Lbp Am Sa Sells 16,613 Shares of BXP, Inc. $BXP

Key Points

• Lbp Am Sa reduced its position in BXP, Inc. by 14.2%, selling 16,613 shares and owning 100,597 shares worth $6.79 million at the end of the latest quarter.
• BXP reported earnings per share of $1.71 for the last quarter, exceeding estimates, and set an annual EBITDA guidance range for FY 2025 between 6.840-6.92 EPS.
• The company declared a quarterly dividend of $0.70 per share, effective October 31st, representing an annual yield of 3.7% with a significant payout ratio.

Lbp Am Sa lowered its position in BXP, Inc. (NYSE:BXP - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,597 shares of the real estate investment trust's stock after selling 16,613 shares during the quarter. Lbp Am Sa owned about 0.06% of BXP worth $6,787,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BXP. Sentry Investment Management LLC bought a new position in shares of BXP in the first quarter worth $34,000. NewSquare Capital LLC increased its holdings in shares of BXP by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after purchasing an additional 53,727 shares during the period. Sound Income Strategies LLC increased its holdings in shares of BXP by 14.6% in the first quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after purchasing an additional 556 shares during the period. Spirit of America Management Corp NY increased its holdings in shares of BXP by 7.8% in the first quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock worth $465,000 after purchasing an additional 500 shares during the period. Finally, Altrius Capital Management Inc increased its holdings in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock worth $4,491,000 after purchasing an additional 2,375 shares during the period. Institutional investors own 98.72% of the company's stock.

BXP Stock Performance

NYSE BXP opened at $76.32 on Thursday. The company has a 50-day simple moving average of $71.10 and a two-hundred day simple moving average of $68.54. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $90.11. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 2,544.98, a PEG ratio of 7.79 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings results 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. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. During the same period in the prior year, the business posted $1.77 earnings per share. The company's revenue 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, 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP's dividend payout ratio is presently 9,333.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BXP. JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $72.00 to $78.00 in a report on Monday, June 23rd. Mizuho reduced their target price on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Piper Sandler increased their target price on BXP from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, September 9th. Scotiabank reduced their target price on BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Finally, BMO Capital Markets reduced their target price on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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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