MQS Management LLC bought a new stake in shares of BXP, Inc. (NYSE:BXP – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,896 shares of the real estate investment trust’s stock, valued at approximately $668,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in BXP during the 4th quarter valued at $25,000. Princeton Global Asset Management LLC boosted its position in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 357 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of BXP in the 2nd quarter worth $29,000. Avalon Trust Co acquired a new stake in shares of BXP in the 3rd quarter worth $36,000. Finally, BOKF NA boosted its position in shares of BXP by 2,097.0% in the 3rd quarter. BOKF NA now owns 725 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 692 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
BXP Stock Performance
Shares of BXP opened at $60.32 on Friday. The stock has a 50-day moving average of $55.69 and a two-hundred day moving average of $62.51. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $9.62 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.60 and a beta of 1.04.
BXP Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. BXP’s dividend payout ratio (DPR) is presently 140.70%.
Insider Transactions at BXP
In other BXP news, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president owned 17,832 shares of the company’s stock, valued at $1,064,392.08. The trade was a 23.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.50% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on BXP. UBS Group lowered their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Truist Financial lowered their price objective on BXP from $74.00 to $70.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Barclays lowered their price objective on BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday. Mizuho cut BXP from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $79.00 to $62.00 in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group set a $72.00 price target on BXP in a research report on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, BXP currently has an average rating of “Hold” and a consensus target price of $71.60.
About BXP
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.
See Also
- Five stocks we like better than BXP
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
Want to see what other hedge funds are holding BXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BXP, Inc. (NYSE:BXP – Free Report).
Receive News & Ratings for BXP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BXP and related companies with MarketBeat.com's FREE daily email newsletter.
