NorthRock Partners LLC Makes New $487,000 Investment in BXP, Inc. $BXP

Key Points

• NorthRock Partners LLC has invested approximately $487,000 in BXP, Inc., acquiring 7,208 shares during the second quarter, reflecting growing institutional interest in the real estate investment trust.
• Several analysts have recently adjusted their price targets for BXP, with BMO Capital Markets lowering it to $84.00, while Truist Financial raised it to $77.00, indicating varied sentiment on the stock's future performance.
• BXP announced a quarterly dividend of $0.70 per share, with a notable dividend payout ratio of 9,333.33%, signaling a commitment to returning value to shareholders despite recent fluctuations in earnings.

NorthRock Partners LLC purchased a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,208 shares of the real estate investment trust's stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. lifted its stake in BXP by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,316 shares of the real estate investment trust's stock worth $426,000 after purchasing an additional 592 shares during the period. CWM LLC raised its stake in shares of BXP by 5.2% in the second quarter. CWM LLC now owns 7,213 shares of the real estate investment trust's stock valued at $487,000 after acquiring an additional 355 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of BXP by 14.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,792 shares of the real estate investment trust's stock valued at $1,943,000 after acquiring an additional 3,666 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of BXP in the second quarter valued at approximately $220,000. Finally, Blue Trust Inc. raised its stake in shares of BXP by 8.0% in the second quarter. Blue Trust Inc. now owns 6,485 shares of the real estate investment trust's stock valued at $438,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Truist Financial raised their price target on shares of BXP from $71.00 to $77.00 and gave the company a "hold" rating in a report on Wednesday, September 10th. Mizuho dropped their price objective on shares of BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. The Goldman Sachs Group boosted their price objective on shares of BXP from $67.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Finally, New Street Research set a $85.00 price objective on shares of BXP in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $78.95.

BXP Price Performance

BXP opened at $71.62 on Thursday. The company has a fifty day moving average price of $72.06 and a two-hundred day moving average price of $68.81. 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 firm has a market capitalization of $11.34 billion, a PE ratio of 2,388.06, a P/E/G ratio of 7.38 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. During the same quarter in the previous year, the business earned $1.77 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP's dividend payout ratio (DPR) is currently 9,333.33%.

BXP 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.

Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BXP, Inc. (NYSE:BXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.