Tredje AP fonden Buys 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 grew its position in shares of BXP, Inc. (NYSE:BXP - Free Report) by 801.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,921 shares of the real estate investment trust's stock after buying an additional 95,948 shares during the quarter. Tredje AP fonden owned 0.07% of BXP worth $7,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its position in BXP by 4.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock valued at $754,000 after purchasing an additional 441 shares during the period. Pacific Heights Asset Management LLC lifted its position in BXP by 66.7% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $6,719,000 after purchasing an additional 40,000 shares during the period. Altrius Capital Management Inc lifted its position in BXP by 3.7% during the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock valued at $4,491,000 after purchasing an additional 2,375 shares during the period. Spirit of America Management Corp NY lifted its position in BXP by 7.8% during the first quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 500 shares during the period. Finally, Sound Income Strategies LLC raised its position in BXP by 14.6% in the first quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after acquiring an additional 556 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

BXP Price Performance

Shares of NYSE:BXP traded down $0.79 on Friday, reaching $64.64. The company's stock had a trading volume of 2,711,944 shares, compared to its average volume of 1,514,900. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $90.11. The company has a market cap of $10.23 billion, a P/E ratio of 2,155.39, a PEG ratio of 5.35 and a beta of 1.17. The company has a 50-day simple moving average of $69.74 and a 200 day simple moving average of $68.23. The company has a debt-to-equity ratio of 2.06, a quick ratio of 4.23 and a current ratio of 3.76.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same period last year, the company posted $1.77 EPS. The business's revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.1%. BXP's payout ratio is currently 13,066.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on BXP shares. Scotiabank decreased their price target on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Monday, July 14th. Morgan Stanley raised their price objective on shares of BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of BXP from a "sell" rating to a "hold" rating in a research report on Saturday. Mizuho decreased their price objective 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. Finally, BMO Capital Markets restated an "outperform" rating and set a $86.00 price objective (up from $85.00) on shares of BXP in a research report 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $78.07.

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.