OMERS ADMINISTRATION Corp bought a new stake in BXP, Inc. (NYSE:BXP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,200 shares of the real estate investment trust's stock, valued at approximately $79,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of BXP during the 2nd quarter worth approximately $1,921,000. Twin Tree Management LP purchased a new position in BXP in the 2nd quarter valued at approximately $292,000. Commerce Bank acquired a new position in BXP during the second quarter worth $467,000. Northwestern Mutual Wealth Management Co. acquired a new position in BXP during the second quarter worth $100,000. Finally, Evolve Private Wealth LLC purchased a new stake in BXP during the second quarter worth $214,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on BXP. LADENBURG THALM/SH SH upped their target price on BXP from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on BXP from $79.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday. Weiss Ratings raised shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 8th. Barclays raised their target price on shares of BXP from $65.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Finally, Piper Sandler cut their target price on shares of BXP from $90.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.79.
Read Our Latest Research Report on BXP
BXP Trading Down 0.4%
BXP stock opened at $70.03 on Friday. The stock has a market cap of $11.18 billion, a PE ratio of 37.65, a P/E/G ratio of 2.63 and a beta of 1.01. The stock has a 50-day moving average price of $68.34 and a 200 day moving average price of $61.63. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. 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 (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Equities research analysts predict that BXP, Inc. will post 7.03 earnings per share for the current fiscal year.
BXP Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP's dividend payout ratio (DPR) is 150.54%.
Insider Buying and Selling
In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.
About BXP
(
Free Report)
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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