Fairtree Asset Management Pty Ltd acquired a new position in shares of BXP, Inc. (NYSE:BXP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,332 shares of the real estate investment trust’s stock, valued at approximately $818,000.
Several other institutional investors have also made changes to their positions in BXP. Elyxium Wealth LLC acquired a new position in BXP in the fourth quarter worth about $25,000. MUFG Securities EMEA plc acquired a new stake in BXP during the second quarter valued at approximately $29,000. Clearstead Advisors LLC boosted its holdings in BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 268 shares in the last quarter. State of Wyoming grew its stake in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 193 shares during the period. Finally, Eastern Bank grew its stake in shares of BXP by 108.7% in the 2nd quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 339 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at BXP
In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.
BXP Trading Up 1.0%
BXP (NYSE:BXP – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Analysts expect that BXP, Inc. will post 7.03 EPS for the current fiscal year.
BXP Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.1%. BXP’s dividend payout ratio is 150.54%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BXP in a research report on Wednesday, August 12th. Cantor Fitzgerald lowered their price target on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Mizuho increased their price objective on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. 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 report on Wednesday, July 8th. Finally, Citigroup boosted their target price on shares of BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.58.
View Our Latest Research Report on BXP
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.
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