Public Employees Retirement System of Ohio Acquires Shares of 226,436 BXP, Inc. $BXP

Key Points

• Public Employees Retirement System of Ohio acquired 226,436 BXP shares worth approximately $15.0 million, giving it a 0.14% stake. Institutional investors collectively own 98.72% of the REIT.
• Analysts maintain a “Moderate Buy” consensus, with 11 Buy and nine Hold ratings and an average price target of $74.79, compared with BXP’s reported opening price of $69.39.
• BXP exceeded quarterly earnings and revenue expectations, reporting $0.43 EPS and $895.7 million in revenue. The company also pays a $0.70 quarterly dividend, equivalent to a 4.0% annual yield.

Public Employees Retirement System of Ohio acquired a new position in shares of BXP, Inc. (NYSE:BXP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 226,436 shares of the real estate investment trust's stock, valued at approximately $15,015,000. Public Employees Retirement System of Ohio owned about 0.14% of BXP as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in BXP by 9.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust's stock worth $30,559,000 after acquiring an additional 38,639 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of BXP by 30.7% in the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust's stock valued at $22,084,000 after purchasing an additional 76,946 shares in the last quarter. Nan Fung Trinity HK Ltd. lifted its position in shares of BXP by 33.7% during the fourth quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust's stock worth $8,227,000 after purchasing an additional 30,700 shares during the last quarter. DJE Kapital AG bought a new position in shares of BXP during the fourth quarter worth about $2,792,000. Finally, Janus Henderson Group PLC grew its stake in BXP by 481.7% in the first quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust's stock worth $3,626,000 after purchasing an additional 57,889 shares in the last quarter. 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. Mizuho upped their price objective on BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a research report on Wednesday, August 12th. Barclays boosted their price target on BXP from $65.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Wells Fargo & Company upped their price target on BXP from $69.00 to $77.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Finally, Scotiabank raised their price objective on BXP from $74.00 to $76.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $74.79.

BXP Price Performance

BXP opened at $69.39 on Monday. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The company's 50-day moving average price is $68.43 and its 200 day moving average price is $61.66. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. As a group, sell-side analysts expect that BXP, Inc. will post 7.02 earnings per share for the current year.

BXP Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 150.54%.

Insider Buying and Selling

In related news, CFO Michael E. Labelle sold 26,113 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction 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 $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

BXP Company 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.

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