Foundations Investment Advisors LLC Buys New Shares in BXP, Inc. $BXP

Foundations Investment Advisors LLC bought a new position in BXP, Inc. (NYSE:BXP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,941 shares of the real estate investment trust’s stock, valued at approximately $266,000.

A number of other institutional investors have also bought and sold shares of the business. REAP Financial Group LLC lifted its position in shares of BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 311 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of BXP during the second quarter worth about $43,000. Assetmark Inc. raised its stake in BXP by 143.7% during the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 723 shares during the period. CX Institutional lifted its holdings in BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 301 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in BXP in the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at BXP

In related news, EVP John J. Stroman sold 16,838 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total transaction of $1,215,198.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael E. Labelle sold 13,422 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total transaction of $970,947.48. Following the completion of the sale, the chief financial officer directly owned 9,223 shares in the company, valued at $667,191.82. This trade represents a 59.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.49% of the stock is currently owned by insiders.

BXP Price Performance

Shares of BXP stock opened at $68.68 on Friday. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of -54.08, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The stock has a 50 day moving average price of $72.91 and a 200-day moving average price of $70.30. BXP, Inc. has a one year low of $54.22 and a one year high of $84.75.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.BXP’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities analysts expect that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 30th. BXP’s dividend payout ratio (DPR) is -220.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, September 10th. Scotiabank raised their target price on shares of BXP from $77.00 to $81.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Compass Point downgraded shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Wednesday, September 10th. Evercore ISI dropped their price objective on shares of BXP from $77.00 to $76.00 and set an “in-line” rating for the company in a report on Friday, November 14th. Finally, The Goldman Sachs Group set a $77.00 target price on BXP and gave the stock a “neutral” rating in a report on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, BXP has an average rating of “Hold” and a consensus target price of $79.42.

About BXP

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.