Legal & General Group Plc Takes $83.99 Million Position in BXP, Inc. $BXP

Legal & General Group Plc purchased a new position in BXP, Inc. (NYSE:BXP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,266,577 shares of the real estate investment trust's stock, valued at approximately $83,987,000. Legal & General Group Plc owned approximately 0.79% of BXP at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new position in BXP in the fourth quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new stake in shares of BXP during the second quarter valued at about $29,000. Clearstead Advisors LLC lifted its position in shares of BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 268 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of BXP in the 2nd quarter valued at about $41,000. Finally, State of Wyoming boosted its holdings in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 193 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Mizuho boosted their price objective on shares of BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Truist Financial lowered their target price on shares of BXP from $70.00 to $64.00 and set a "hold" rating for the company in a research note on Tuesday, May 26th. Weiss Ratings raised shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. Evercore set a $68.00 price target on BXP in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a report on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.79.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

BXP Trading Down 0.4%

NYSE BXP opened at $70.03 on Friday. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a fifty day simple moving average of $68.34 and a two-hundred day simple moving average of $61.63. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market cap of $11.18 billion, a P/E ratio of 37.65, a P/E/G ratio of 2.63 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same period in the previous year, the company earned $1.71 earnings per share. The business's quarterly 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, analysts forecast that BXP, Inc. will post 7.03 earnings per share for the current year.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 dividend yield of 4.0%. BXP's dividend payout ratio is currently 150.54%.

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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