Swedbank AB Acquires 16,019 Shares of BXP, Inc. $BXP

Swedbank AB raised its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,545 shares of the real estate investment trust's stock after buying an additional 16,019 shares during the period. Swedbank AB owned about 0.08% of BXP worth $8,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new position in shares of BXP in the first quarter worth $34,000. NewSquare Capital LLC grew its holdings in shares of BXP by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after purchasing an additional 53,727 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of BXP by 14.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after buying an additional 556 shares during the last quarter. Spirit of America Management Corp NY grew its position in shares of BXP by 7.8% in the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock worth $465,000 after buying an additional 500 shares during the last quarter. Finally, Altrius Capital Management Inc grew its stake 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 worth $4,491,000 after purchasing an additional 2,375 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BXP shares. Scotiabank lowered their target price on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Mizuho reduced their price target on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. The Goldman Sachs Group upped their price target on shares of BXP from $67.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Citigroup increased their target price on BXP from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley lifted their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, BXP presently has a consensus rating of "Hold" and a consensus price target of $77.06.

BXP Price Performance

NYSE:BXP opened at $76.44 on Monday. BXP, Inc. has a one year low of $54.22 and a one year 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 stock has a market cap of $12.11 billion, a PE ratio of 2,548.85, a P/E/G ratio of 8.18 and a beta of 1.22. The stock has a 50 day moving average price of $70.24 and a 200 day moving average price of $68.06.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same quarter last year, the firm earned $1.77 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities research analysts expect that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP's dividend payout ratio (DPR) is presently 13,066.67%.

About BXP

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.

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