Fox Run Management L.L.C. Takes $819,000 Position in BXP, Inc. $BXP

Fox Run Management L.L.C. acquired a new position in shares of BXP, Inc. (NYSE:BXP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,012 shares of the real estate investment trust’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its position in shares of BXP by 57.7% during the third quarter. Allianz Asset Management GmbH now owns 149,860 shares of the real estate investment trust’s stock worth $11,141,000 after purchasing an additional 54,803 shares during the period. Voya Investment Management LLC grew its position in BXP by 1.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock valued at $110,835,000 after purchasing an additional 15,507 shares during the period. Swedbank AB increased its stake in BXP by 13.9% during the 3rd quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock valued at $10,541,000 after purchasing an additional 17,253 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BXP during the 2nd quarter valued at $306,000. Finally, Nan Fung Trinity HK Ltd. raised its holdings in BXP by 94.9% during the third quarter. Nan Fung Trinity HK Ltd. now owns 91,224 shares of the real estate investment trust’s stock worth $6,782,000 after buying an additional 44,424 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Transactions at BXP

In related news, CEO Owen D. Thomas sold 1,198 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Hilary J. Spann sold 1,194 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $63.31, for a total transaction of $75,592.14. Following the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at $1,128,943.92. This trade represents a 6.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,706 shares of company stock worth $2,770,078 in the last ninety days. Company insiders own 1.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BXP shares. JPMorgan Chase & Co. reduced their price objective on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Truist Financial dropped their price target on shares of BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. Citigroup decreased their price objective on BXP from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. KeyCorp raised BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a research note on Thursday, December 4th. Finally, UBS Group cut their target price on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BXP has a consensus rating of “Hold” and an average target price of $75.45.

BXP Price Performance

Shares of NYSE BXP opened at $61.20 on Friday. The company has a market capitalization of $9.70 billion, a PE ratio of 35.17, a PEG ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The stock’s 50 day moving average price is $65.19 and its 200-day moving average price is $69.46. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $79.33.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. BXP’s dividend payout ratio (DPR) is currently 160.92%.

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.