Nuveen LLC Buys Shares of 219,326 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 bought a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 219,326 shares of the real estate investment trust's stock, valued at approximately $14,737,000. Nuveen LLC owned approximately 0.14% of BXP at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacific Heights Asset Management LLC raised its stake in BXP by 66.7% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $6,719,000 after acquiring an additional 40,000 shares in the last quarter. NewSquare Capital LLC raised its stake in BXP by 98.3% during the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after acquiring an additional 53,727 shares in the last quarter. Tredje AP fonden raised its stake in BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock worth $7,251,000 after acquiring an additional 95,948 shares in the last quarter. Deutsche Bank AG raised its stake in BXP by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock worth $70,612,000 after acquiring an additional 222,284 shares in the last quarter. Finally, Altrius Capital Management Inc raised its stake in BXP by 3.7% during 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 acquiring an additional 2,375 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BXP. Mizuho reduced their price objective on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Truist Financial reduced their price target on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen downgraded BXP from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. The Goldman Sachs Group cut their target price on shares of BXP from $76.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price target on shares of BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BXP has an average rating of "Hold" and an average price target of $77.07.

BXP Trading Up 4.4%

BXP traded up $2.8940 during midday trading on Friday, hitting $69.3140. 1,286,898 shares of the company were exchanged, compared to its average volume of 1,791,305. The firm has a market capitalization of $10.98 billion, a P/E ratio of 2,311.24, a P/E/G ratio of 3.83 and a beta of 1.17. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $90.11. The firm's 50 day moving average price is $68.29 and its 200-day moving average price is $67.50. 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 (NYSE:BXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. 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, equities analysts forecast that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, June 30th. BXP's dividend payout ratio is currently 13,066.67%.

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.