Tredje AP fonden Purchases 95,948 Shares of BXP, Inc. (NYSE:BXP)

Key Points

• Tredje AP fonden significantly increased its investment in BXP, Inc., acquiring an additional 95,948 shares, resulting in a total ownership of approximately 0.07% valued at $7.25 million.
• Analysts have set mixed price targets for BXP, with estimates ranging from $65.00 to $100.00, while the average rating for the stock is currently a "Hold" with a target of $78.07.
• BXP recently announced a quarterly dividend of $0.98, representing a 5.89% yield, with a notable negative dividend payout ratio of -19,600.00%.

Tredje AP fonden lifted its position in BXP, Inc. (NYSE:BXP - Free Report) by 801.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,921 shares of the real estate investment trust's stock after acquiring an additional 95,948 shares during the period. Tredje AP fonden owned 0.07% of BXP worth $7,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BXP. Canada Post Corp Registered Pension Plan purchased a new stake in shares of BXP in the 4th quarter worth approximately $32,000. Sentry Investment Management LLC purchased a new stake in shares of BXP in the 1st quarter worth approximately $34,000. Huntington National Bank grew its stake in shares of BXP by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after buying an additional 263 shares during the last quarter. Hurley Capital LLC purchased a new stake in shares of BXP in the 4th quarter worth approximately $94,000. Finally, Kelly Lawrence W & Associates Inc. CA grew its stake in shares of BXP by 75.4% in the 4th quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,500 shares of the real estate investment trust's stock worth $186,000 after buying an additional 1,075 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BXP shares. JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $72.00 to $78.00 in a research note on Monday, June 23rd. Scotiabank cut their target price on BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Monday, July 14th. Truist Financial cut their target price on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley increased their target price on BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $86.00 target price (up from $85.00) on shares of BXP in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $77.71.

BXP Stock Performance

BXP stock traded up $1.26 during trading on Monday, reaching $65.88. The company had a trading volume of 817,892 shares, compared to its average volume of 1,531,233. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $90.11. The firm's 50-day simple moving average is $69.74 and its 200 day simple moving average is $68.18. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 2,197.90, a price-to-earnings-growth ratio of 5.28 and a beta of 1.17. The company has a current ratio of 3.76, a quick ratio of 4.23 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 analysts' consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%. The company had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. During the same period last year, the firm earned $1.77 EPS. BXP's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, June 30th. BXP's dividend payout ratio (DPR) is currently 13,066.67%.

BXP 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.