Stock Traders Buy High Volume of BXP Call Options (NYSE:BXP)

Key Points

• Unusual options activity: Traders purchased 8,883 BXP call options, roughly 963% above the typical volume of 836 contracts.
• Analyst sentiment remains favorable: BXP has a “Moderate Buy” consensus rating from 20 analysts, with an average price target of $74.79.
• Shares and fundamentals: BXP traded down 0.4% to $69.68, while its latest quarterly earnings and revenue exceeded analyst expectations. The REIT also maintains a $2.80 annualized dividend, yielding about 4.0%.

BXP, Inc. (NYSE:BXP - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders bought 8,883 call options on the company. This represents an increase of approximately 963% compared to the typical volume of 836 call options.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Scotiabank increased their price target on BXP from $74.00 to $76.00 and gave the stock a "sector outperform" rating in a report on Wednesday, August 5th. Cantor Fitzgerald cut their price objective on BXP from $79.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a research report on Wednesday, August 12th. Barclays increased their target price on BXP from $65.00 to $79.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.79.

BXP Stock Down 0.4%

Shares of BXP traded down $0.29 during midday trading on Friday, hitting $69.68. The stock had a trading volume of 293,053 shares, compared to its average volume of 1,947,469. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.63 and a beta of 1.01. The company has a 50 day simple moving average of $68.34 and a two-hundred day simple moving average of $61.63. BXP has a twelve month low of $49.72 and a twelve month high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The company had revenue of $895.70 million during the quarter, compared to analysts' expectations of $858.07 million. During the same period in the prior year, the firm earned $1.71 earnings per share. BXP's revenue for the quarter was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, analysts anticipate that BXP will post 7.03 EPS for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP's dividend payout ratio (DPR) is currently 150.54%.

Insider Buying and Selling

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company's stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Institutional Trading of BXP

A number of institutional investors have recently made changes to their positions in BXP. Elyxium Wealth LLC bought a new position in BXP in the fourth quarter valued at $25,000. MUFG Securities EMEA plc acquired a new position in shares of BXP during the 2nd quarter worth about $29,000. Clearstead Advisors LLC increased its position in shares of BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 268 shares during the last quarter. Silvant Capital Management LLC bought a new stake in BXP during the second quarter worth about $41,000. Finally, State of Wyoming boosted its position in BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

BXP Company Profile

Boston Properties, Inc NYSE: BXP is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company's portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.

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