Mitsubishi UFJ Asset Management Co. Ltd. Buys New Position in BXP, Inc. $BXP

Key Points

• Mitsubishi UFJ Asset Management acquired 37,889 BXP shares worth approximately $109,000 in the second quarter. Other institutions also initiated positions, with hedge funds and institutional investors now owning 98.72% of the stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $74.58. Recent targets range from $69 to $80.
• BXP exceeded quarterly earnings and revenue estimates, reporting $0.43 in EPS and $895.7 million in revenue. The company also declared a $0.70 quarterly dividend, equating to a 4.1% yield, while its CFO sold 26,113 shares.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 37,889 shares of the real estate investment trust's stock, valued at approximately $109,000.

Other large investors have also added to or reduced their stakes in the company. Roman Butler Fullerton & Co. purchased a new position in shares of BXP during the second quarter worth $250,000. Global Retirement Partners LLC acquired a new stake in shares of BXP in the second quarter valued at about $159,000. Stonehaven Wealth & Tax Solutions LLC purchased a new stake in BXP during the 2nd quarter worth approximately $219,000. Bank of New York Mellon Corp acquired a new position in BXP in the 2nd quarter valued at $381,000. Finally, State of Wyoming acquired a new stake in shares of BXP in the second quarter valued at about $482,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings upgraded BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. Citigroup lifted their target price on BXP from $58.00 to $69.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their target price on BXP from $69.00 to $77.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of BXP from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of BXP from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.58.

Insider Activity

In related news, CFO Michael E. Labelle sold 26,113 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer owned 5,839 shares of the company's stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

BXP Stock Performance

NYSE BXP opened at $67.50 on Monday. The business's 50 day moving average is $67.88 and its two-hundred day moving average is $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. 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 12-month low of $49.72 and a 12-month high of $79.33.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $858.07 million. During the same quarter last year, the company earned $1.71 earnings per share. BXP'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. Research analysts expect that BXP, Inc. will post 7.03 EPS for the current year.

BXP Announces Dividend

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

BXP 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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