Nuveen LLC Makes New $14.74 Million Investment in BXP, Inc. $BXP

Key Points

• Nuveen LLC has acquired a new position in BXP, Inc., purchasing 219,326 shares valued at approximately $14.7 million, representing about 0.14% of the real estate investment trust.
• Several analysts have provided mixed ratings, with a current average target price of $77.07, while seven analysts rated the stock as a Buy and one as a Sell.
• BXP recently reported earnings of $1.71 per share, exceeding expectations, and announced a quarterly dividend of $0.98 per share, which yields 5.9% annually.

Nuveen LLC acquired a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 219,326 shares of the real estate investment trust's stock, valued at approximately $14,737,000. Nuveen LLC owned 0.14% of BXP at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sentry Investment Management LLC purchased a new position in shares of BXP during the 1st quarter worth about $34,000. Sound Income Strategies LLC raised its holdings in 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 valued at $293,000 after buying an additional 556 shares during the period. Spirit of America Management Corp NY raised its holdings in 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 valued at $465,000 after buying an additional 500 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in BXP by 4.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock valued at $754,000 after buying an additional 441 shares during the period. Finally, Altrius Capital Management Inc raised its holdings in 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 valued at $4,491,000 after buying an additional 2,375 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BXP has been the topic of several research reports. Morgan Stanley raised their price target on shares of BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company cut their price target on shares of BXP from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Piper Sandler cut their price target on shares of BXP from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Scotiabank cut their price target on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. Finally, Mizuho cut their price target on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $77.07.

BXP Stock Down 0.3%

Shares of BXP stock traded down $0.20 during mid-day trading on Tuesday, reaching $69.48. 2,430,086 shares of the company were exchanged, compared to its average volume of 1,770,695. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market capitalization of $11.00 billion, a P/E ratio of 2,316.67, a P/E/G ratio of 3.85 and a beta of 1.17. The business's 50 day simple moving average is $68.19 and its 200 day simple moving average is $67.42.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share 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 business had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. During the same quarter last year, the company earned $1.77 earnings per share. 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. Research analysts predict that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 30th. BXP's payout ratio is currently 13,066.67%.

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.