Voya Investment Management LLC Has $98.12 Million Holdings in BXP, Inc. $BXP

Key Points

• Voya Investment Management LLC reduced its stake in BXP, Inc. by 5.7% during the first quarter, selling 87,714 shares, and now holds approximately 0.92% of the company valued at $98.1 million.
• BXP, Inc. reported a quarterly earnings per share of $1.71, surpassing analysts' estimates by $0.04, with revenues up 2.1% year-over-year.
• The company announced a quarterly dividend of $0.70, reflecting an annual yield of 3.6% but indicating a highly unusual payout ratio of 13,066.67%.

Voya Investment Management LLC lessened its holdings in BXP, Inc. (NYSE:BXP - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,461,370 shares of the real estate investment trust's stock after selling 87,714 shares during the period. Voya Investment Management LLC owned 0.92% of BXP worth $98,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in BXP in the 1st quarter valued at $34,000. Brooklyn Investment Group raised its stake in BXP by 124.6% in the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,069 shares during the period. Sound Income Strategies LLC increased its position in BXP by 14.6% during 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 period. Spirit of America Management Corp NY increased its position in BXP by 7.8% during 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 period. Finally, Teachers Retirement System of The State of Kentucky increased its position in BXP by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after buying an additional 441 shares during the period. Institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on BXP from $67.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Mizuho lowered their price objective on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Wells Fargo & Company lowered their price objective on BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. BMO Capital Markets lowered their price objective on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Finally, Wall Street Zen cut BXP from a "hold" rating to a "sell" rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $77.06.

BXP Price Performance

Shares of BXP traded down $2.50 during trading hours on Wednesday, hitting $76.43. 1,667,668 shares of the company were exchanged, compared to its average volume of 1,573,304. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 2,548.52, a P/E/G ratio of 4.30 and a beta of 1.22. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The firm's fifty day moving average is $69.83 and its 200 day moving average is $67.86.

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

BXP Cuts Dividend

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