Whittier Trust Co. of Nevada Inc. Trims Holdings in BXP, Inc. (NYSE:BXP)

Whittier Trust Co. of Nevada Inc. decreased its holdings in shares of BXP, Inc. (NYSE:BXP - Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,032 shares of the real estate investment trust's stock after selling 19,091 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.08% of BXP worth $8,401,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BXP. Canada Post Corp Registered Pension Plan bought a new stake in BXP during the fourth quarter valued at $32,000. Sentry Investment Management LLC bought a new stake in BXP during the first quarter valued at $34,000. Huntington National Bank boosted its stake in BXP by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 263 shares during the period. Hurley Capital LLC bought a new stake in BXP during the fourth quarter valued at $94,000. Finally, Kelly Lawrence W & Associates Inc. CA boosted its stake in BXP by 75.4% during the fourth quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,500 shares of the real estate investment trust's stock valued at $186,000 after buying an additional 1,075 shares during the period. Institutional investors own 98.72% of the company's stock.

BXP Trading Up 0.2%

Shares of NYSE BXP traded up $0.14 during midday trading on Wednesday, reaching $70.06. The company had a trading volume of 1,654,430 shares, compared to its average volume of 1,345,084. BXP, Inc. has a one year low of $54.22 and a one year high of $90.11. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The firm's fifty day moving average price is $68.98 and its 200-day moving average price is $68.46. The stock has a market cap of $11.09 billion, a PE ratio of -3,501.20, a price-to-earnings-growth ratio of 5.72 and a beta of 1.15.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The company had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. During the same period last year, the firm posted $1.73 EPS. The company's revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Monday, June 30th. BXP's dividend payout ratio (DPR) is presently -19,600.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on BXP. BMO Capital Markets reissued an "outperform" rating and set a $86.00 price objective (up previously from $85.00) on shares of BXP in a research note on Monday, June 23rd. Piper Sandler dropped their price target on BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $72.00 to $78.00 in a research note on Monday, June 23rd. Scotiabank dropped their price target on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Monday. Finally, UBS Group dropped their price target on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, BXP has a consensus rating of "Hold" and a consensus target price 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.