GSA Capital Partners LLP acquired a new stake in BXP, Inc. (NYSE:BXP – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 147,364 shares of the real estate investment trust’s stock, valued at approximately $426,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in BXP during the fourth quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in shares of BXP in the 2nd quarter valued at $29,000. Clearstead Advisors LLC grew its position 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 buying an additional 268 shares during the last quarter. State of Wyoming grew its position in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares during the last quarter. Finally, Eastern Bank raised its stake in 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 acquiring an additional 339 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
BXP Trading Down 0.4%
Shares of BXP stock opened at $67.50 on Friday. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The business has a fifty day simple moving average of $67.88 and a 200-day simple moving average of $61.44. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The stock has a market cap of $10.78 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.53 and a beta of 1.01.
BXP Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. BXP’s payout ratio is presently 150.54%.
Insiders Place Their Bets
In other news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BXP. Wells Fargo & Company boosted their price target on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Barclays lifted their target price on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Citigroup boosted their target price on BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Scotiabank upped their target price on BXP from $74.00 to $76.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.58.
Get Our Latest Stock Analysis on BXP
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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