Hsbc Holdings PLC Acquires 88,273 Shares of BXP, Inc. $BXP

Hsbc Holdings PLC grew its holdings in shares of BXP, Inc. (NYSE:BXP) by 11.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 865,255 shares of the real estate investment trust’s stock after acquiring an additional 88,273 shares during the quarter. Hsbc Holdings PLC’s holdings in BXP were worth $44,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of BXP by 546.2% during the fourth quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock valued at $2,949,000 after purchasing an additional 36,944 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of BXP by 9.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust’s stock worth $30,559,000 after purchasing an additional 38,639 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of BXP by 30.7% in the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust’s stock worth $22,084,000 after purchasing an additional 76,946 shares in the last quarter. Nan Fung Trinity HK Ltd. grew its stake in shares of BXP by 33.7% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust’s stock worth $8,227,000 after buying an additional 30,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BXP by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust’s stock worth $13,362,000 after buying an additional 19,999 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the sale, the senior vice president owned 311 shares in the company, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,176 shares of company stock valued at $2,151,552 over the last 90 days. Company insiders own 1.50% of the company’s stock.

BXP Stock Down 2.7%

Shares of BXP stock opened at $67.93 on Tuesday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 3.02 and a beta of 1.01. The company’s 50 day moving average is $64.24 and its 200 day moving average is $61.00. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. 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 posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The company had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Research analysts anticipate that BXP, Inc. will post 6.95 EPS for the current year.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. BXP’s payout ratio is presently 140.70%.

Analysts Set New Price Targets

BXP has been the subject of a number of recent research reports. LADENBURG THALM/SH SH lifted their price objective on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded BXP from a “hold” rating to a “sell” rating in a report on Saturday. Barclays lowered their price target on BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Evercore set a $68.00 price objective on shares of BXP in a research report on Monday, July 6th. Finally, Citigroup cut their price objective on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.26.

BXP 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.