BXP (NYSE:BXP) CFO Sells $1,732,597.55 in Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 26,113 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BXP Stock Performance

BXP traded up $0.27 during trading on Wednesday, hitting $66.88. The stock had a trading volume of 222,775 shares, compared to its average volume of 2,218,141. 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 firm has a market capitalization of $10.67 billion, a P/E ratio of 33.62, a PEG ratio of 2.79 and a beta of 1.04. The company’s 50-day moving average price is $57.83 and its 200 day moving average price is $61.70. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities research analysts forecast that BXP, Inc. will post 6.95 EPS for the current fiscal year.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 31st. BXP’s payout ratio is currently 140.70%.

Wall Street Analysts Forecast Growth

BXP has been the subject of several recent analyst reports. Barclays reduced their price target on BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, May 18th. UBS Group cut 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. JPMorgan Chase & Co. cut their price objective on BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Evercore set a $62.00 price objective on BXP in a research report on Wednesday, April 29th. Finally, Piper Sandler cut their price target on shares of BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.65.

Hedge Funds Weigh In On BXP

A number of large investors have recently made changes to their positions in BXP. Norges Bank purchased a new position in shares of BXP in the 4th quarter valued at about $689,419,000. Cohen & Steers Inc. increased its position in shares of BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of BXP by 32,286.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after buying an additional 1,883,282 shares in the last quarter. Invesco Ltd. grew its stake in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after acquiring an additional 1,207,607 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after acquiring an additional 1,053,938 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.