OVERSEA CHINESE BANKING Corp Ltd Invests $4.96 Million in BXP, Inc. $BXP

Key Points

• Oversea Chinese Banking Corp. acquired 74,828 BXP shares during the second quarter, valued at approximately $4.96 million. Institutional investors collectively own 98.72% of the REIT.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and nine Holds. BXP has a consensus rating of “Moderate Buy” and an average price target of $74.58, above its reported $67.86 share price.
• BXP exceeded quarterly earnings and revenue expectations, reporting $0.43 EPS and $895.7 million in revenue. The company also declared a quarterly dividend of $0.70, representing a 4.1% annualized yield.

OVERSEA CHINESE BANKING Corp Ltd bought a new position in BXP, Inc. (NYSE:BXP - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 74,828 shares of the real estate investment trust's stock, valued at approximately $4,962,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BXP. Elyxium Wealth LLC bought a new stake in BXP during the fourth quarter valued at about $25,000. MUFG Securities EMEA plc bought a new position in shares of BXP in the second quarter worth about $29,000. Clearstead Advisors LLC lifted its position in shares of BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 268 shares in the last quarter. State of Wyoming lifted its position in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 193 shares in the last quarter. Finally, Eastern Bank grew its stake in shares of BXP by 108.7% during the 2nd quarter. Eastern Bank now owns 651 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 339 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BXP has been the topic of a number of recent analyst reports. BMO Capital Markets restated an "outperform" rating and set a $68.00 target price on shares of BXP in a research note on Tuesday, June 2nd. UBS Group set a $76.00 price target on shares of BXP in a research report on Wednesday, August 5th. Scotiabank increased their price objective on shares of BXP from $74.00 to $76.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald decreased their price objective on shares of BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, May 15th. Finally, Evercore set a $68.00 target price on shares of BXP in a research note on Monday, July 6th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, BXP has a consensus rating of "Moderate Buy" and an average target price of $74.58.

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 shares were 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 in the company, valued at $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

BXP Trading Up 1.0%

BXP stock opened at $67.86 on Friday. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.51 and a beta of 1.01. The business has a 50 day simple moving average of $67.85 and a two-hundred day simple moving average of $61.40.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million for the quarter, compared to analysts' expectations of $858.07 million. During the same quarter last year, the business posted $1.71 earnings per share. The company's revenue for the quarter 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 anticipate that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 30th. BXP's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source