Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in BXP, Inc. (NYSE:BXP – Free Report) by 23.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 106,364 shares of the real estate investment trust’s stock after buying an additional 20,282 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BXP were worth $5,520,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new stake in BXP during the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its position in shares of BXP by 892.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 357 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of BXP in the 2nd quarter valued at $29,000. Clearstead Advisors LLC raised its stake in shares of BXP by 109.4% in the 4th 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 period. Finally, State of Wyoming lifted its holdings in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on BXP shares. JPMorgan Chase & Co. decreased their price target on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Truist Financial cut their price objective on BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Barclays reduced their price objective on BXP from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Wells Fargo & Company upped their target price on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, UBS Group decreased their target price on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, BXP presently has a consensus rating of “Moderate Buy” and an average target price of $70.95.
Insider Buying and Selling at BXP
In other news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,176 shares of company stock valued at $2,151,552 in the last ninety days. Insiders own 1.50% of the company’s stock.
BXP Trading Up 1.1%
NYSE BXP opened at $67.79 on Wednesday. The company’s fifty day simple moving average is $63.45 and its 200-day simple moving average is $60.99. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock has a market cap of $10.81 billion, a P/E ratio of 34.07, a PEG ratio of 2.90 and a beta of 1.01.
BXP (NYSE:BXP – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. BXP’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts predict that BXP, Inc. will post 6.95 EPS for the current fiscal year.
BXP Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. BXP’s payout ratio is currently 140.70%.
BXP 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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