BXP, Inc. $BXP Shares Bought by Ethic Inc.

Ethic Inc. increased its position in shares of BXP, Inc. (NYSE:BXP) by 44.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,689 shares of the real estate investment trust’s stock after purchasing an additional 11,205 shares during the quarter. Ethic Inc.’s holdings in BXP were worth $2,242,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BXP. Silvant Capital Management LLC bought a new stake in BXP in the 2nd quarter worth about $41,000. Eastern Bank lifted its position in shares of BXP by 108.7% during the 2nd quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 339 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of BXP during the 2nd quarter worth approximately $51,000. Root Financial Partners LLC bought a new position in shares of BXP during the 3rd quarter worth approximately $48,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of BXP in the 3rd quarter worth approximately $61,000. 98.72% of the stock is owned by institutional investors.

BXP Stock Down 0.2%

BXP stock opened at $63.43 on Thursday. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $74.94. The firm has a 50 day moving average price of $62.43 and a 200-day moving average price of $62.06. The company has a market capitalization of $10.13 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.14 and a beta of 1.03. The company has a quick ratio of 3.91, a current ratio of 4.93 and a debt-to-equity ratio of 2.17.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.21. The company had revenue of $911.43 million for the quarter, compared to analysts’ expectations of $892.51 million. BXP had a net margin of 14.99% and a return on equity of 6.89%. BXP’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 EPS. As a group, equities analysts predict that BXP, Inc. will post 7.07 EPS for the current year.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, September 30th. BXP’s dividend payout ratio (DPR) is currently 83.83%.

Analyst Ratings Changes

BXP has been the subject of several recent analyst reports. Deutsche Bank reaffirmed a “hold” rating on shares of BXP in a report on Wednesday, August 12th. Barclays lifted their price target on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Wall Street Zen raised BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Evercore set a $67.00 price objective on BXP in a research note on Monday, September 21st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $70.00 price objective on shares of BXP in a research note on Sunday, October 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, BXP currently has a consensus rating of “Moderate Buy” and an average price target of $72.56.

BXP Company Profile

BXP, Inc. is a real estate investment trust that owns, develops and manages commercial real estate, with a focus on office properties and workplaces. Its portfolio also includes complementary mixed-use properties and related amenities. The company operates in major U.S. markets, including Boston, New York, Washington, D.C., San Francisco and Los Angeles. Its business includes leasing space to companies and overseeing the development and management of its properties. Founded in 1970 as Boston Properties, the company adopted the BXP name in 2023.