BXP, Inc. $BXP Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in BXP, Inc. (NYSE:BXP) by 145.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,445 shares of the real estate investment trust’s stock after buying an additional 393,255 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.42% of BXP worth $49,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. State Street Corp grew its holdings in BXP by 1.7% in the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock valued at $782,337,000 after purchasing an additional 186,269 shares during the period. Norges Bank acquired a new position in BXP during the second quarter worth approximately $686,886,000. APG Asset Management US Inc. increased its position in BXP by 3.2% during the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after purchasing an additional 232,591 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in BXP by 1.7% during the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock worth $279,186,000 after purchasing an additional 68,481 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Price Performance

Shares of BXP stock opened at $52.15 on Thursday. The firm has a fifty day simple moving average of $62.62 and a 200-day simple moving average of $68.80. The company has a market capitalization of $8.27 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 2.21.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio is presently 160.92%.

Insider Transactions at BXP

In other news, CEO Owen D. Thomas sold 1,198 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the sale, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,887 shares of company stock valued at $476,930. 1.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group set a $72.00 price target on shares of BXP in a report on Wednesday, February 4th. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Royal Bank Of Canada raised BXP to an “outperform” rating in a research report on Thursday, December 4th. Evercore reduced their target price on BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a report on Thursday, January 29th. Finally, KeyCorp raised BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research report on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $75.00.

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.