Versor Investments LP Takes $699,000 Position in BXP, Inc. $BXP

Versor Investments LP acquired a new position in BXP, Inc. (NYSE:BXP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,400 shares of the real estate investment trust’s stock, valued at approximately $699,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new position in shares of BXP during the second quarter valued at about $25,000. Muzinich & Co. Inc. acquired a new stake in BXP in the 3rd quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in BXP during the 2nd quarter worth approximately $29,000. Quent Capital LLC acquired a new position in BXP during the 3rd quarter valued at approximately $44,000. Finally, Rothschild Investment LLC raised its holdings in shares of BXP by 67.1% in the second quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 255 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Stock Down 6.4%

BXP stock opened at $61.90 on Thursday. The stock has a market capitalization of $9.81 billion, a PE ratio of -48.74, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33. The business has a 50 day simple moving average of $67.26 and a 200-day simple moving average of $69.92. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were given a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.5%. BXP’s dividend payout ratio (DPR) is -220.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BXP. Citigroup dropped their price objective on shares of BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a research report on Monday, December 29th. Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. reduced their price objective on BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 target price on shares of BXP in a report on Tuesday, January 6th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.05.

Insider Activity

In related news, EVP Hilary J. Spann sold 1,194 shares of BXP stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $63.31, for a total value of $75,592.14. Following the sale, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,128,943.92. The trade was a 6.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter V. Otteni sold 4,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,644 shares of company stock worth $2,997,217 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

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.