Rhumbline Advisers Purchases 9,824 Shares of BXP, Inc. $BXP

Rhumbline Advisers raised its position in BXP, Inc. (NYSE:BXP) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 336,593 shares of the real estate investment trust’s stock after acquiring an additional 9,824 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of BXP worth $22,710,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC raised its holdings in shares of BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 311 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in BXP during the second quarter worth about $43,000. Rothschild Investment LLC increased its position in BXP by 67.1% during 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. Assetmark Inc. increased its position in BXP by 143.7% during the second quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 723 shares during the last quarter. Finally, CX Institutional raised its stake in BXP by 24.6% in the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 301 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Compass Point downgraded BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Wednesday, September 10th. The Goldman Sachs Group set a $77.00 price target on BXP and gave the company a “neutral” rating in a report on Friday, October 17th. Truist Financial lifted their price objective on shares of BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, September 10th. Wall Street Zen downgraded shares of BXP from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company dropped their price objective on shares of BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.26.

Insiders Place Their Bets

In related news, EVP John J. Stroman sold 16,838 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was 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 is accessible through this link. Also, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,396 shares of company stock worth $2,486,626 in the last quarter. Corporate insiders own 1.49% of the company’s stock.

BXP Stock Performance

Shares of NYSE BXP opened at $72.72 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 3.76. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -57.26, a P/E/G ratio of 7.35 and a beta of 1.20. The stock’s fifty day moving average price is $72.31 and its two-hundred day moving average price is $70.56. BXP, Inc. has a one year low of $54.22 and a one year high of $84.75.

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

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. BXP’s payout ratio is currently -220.47%.

BXP Company Profile

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.