Peter Otteni Sells 4,863 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) EVP Peter Otteni sold 4,863 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

BXP Trading Up 0.4%

BXP opened at $60.16 on Friday. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The business has a fifty day simple moving average of $55.52 and a 200-day simple moving average of $62.53. The firm has a market cap of $9.59 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities analysts expect that BXP, Inc. will post 6.96 earnings per share for the current year.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Institutional Trading of BXP

A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. EverSource Wealth Advisors LLC increased its position in shares of BXP by 29.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 257 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of BXP by 45.7% during the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 12,660 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of BXP by 29.5% during the second quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 2,089 shares during the last quarter. Jump Financial LLC grew its holdings in shares of BXP by 276.0% during the second quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock worth $3,175,000 after buying an additional 34,544 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of BXP by 99.3% during the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock worth $7,597,000 after buying an additional 56,104 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $61.00 target price on BXP in a report on Wednesday, May 13th. Evercore set a $62.00 target price on BXP in a report on Wednesday, April 29th. Barclays decreased their target price on BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. UBS Group decreased their target price on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Citigroup decreased their target price on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BXP presently has an average rating of “Hold” and a consensus target price of $71.60.

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.