GSI Capital Advisors LLC Buys 10,075 Shares of BXP, Inc. $BXP

GSI Capital Advisors LLC grew its holdings in BXP, Inc. (NYSE:BXP) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,641 shares of the real estate investment trust’s stock after purchasing an additional 10,075 shares during the period. BXP comprises about 2.2% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. GSI Capital Advisors LLC’s holdings in BXP were worth $3,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BXP. Norges Bank purchased a new stake in shares of BXP during the second quarter worth about $686,886,000. Vanguard Group Inc. grew its holdings in BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after buying an additional 1,016,579 shares in the last quarter. Franklin Resources Inc. raised its position in shares of BXP by 354.0% during the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after buying an additional 678,529 shares during the last quarter. Bamco Inc. NY purchased a new position in shares of BXP in the second quarter worth $38,580,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after acquiring an additional 472,221 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Activity at BXP

In related news, EVP Raymond A. Ritchey sold 36,314 shares of BXP stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total value of $2,621,144.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,706 shares of company stock valued at $2,770,078 over the last 90 days. Insiders own 1.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BXP shares. UBS Group reduced their price objective on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Truist Financial reduced their target price 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. Wells Fargo & Company lowered their price target on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. Finally, Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research note on Thursday, December 4th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BXP presently has a consensus rating of “Hold” and a consensus price target of $75.45.

BXP Trading Down 5.7%

BXP opened at $57.69 on Friday. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33. The stock has a fifty day moving average price of $64.97 and a 200-day moving average price of $69.43. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.60 and a beta of 1.01. The company has a current ratio of 5.36, a quick ratio of 4.50 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. Investors of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, December 31st. BXP’s payout ratio is 160.92%.

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.