Analyst IMS Investment Management Services Ltd. Has $22.91 Million Holdings in BXP, Inc. $BXP

Analyst IMS Investment Management Services Ltd. grew its holdings in BXP, Inc. (NYSE:BXP) by 49.7% during the second quarter, Holdings Channel.com reports. The firm owned 339,596 shares of the real estate investment trust’s stock after acquiring an additional 112,760 shares during the quarter. BXP accounts for about 0.8% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 15th biggest position. Analyst IMS Investment Management Services Ltd.’s holdings in BXP were worth $22,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New York Life Investment Management LLC raised its holdings in shares of BXP by 80.0% in the second quarter. New York Life Investment Management LLC now owns 35,086 shares of the real estate investment trust’s stock valued at $2,367,000 after purchasing an additional 15,589 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of BXP in the second quarter valued at approximately $115,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of BXP by 8.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,800 shares of the real estate investment trust’s stock valued at $1,876,000 after purchasing an additional 2,100 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of BXP by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 22,839 shares of the real estate investment trust’s stock valued at $1,541,000 after purchasing an additional 882 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of BXP in the second quarter valued at approximately $1,236,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Stock Performance

NYSE:BXP opened at $74.08 on Wednesday. The company has a market capitalization of $11.73 billion, a PE ratio of 2,470.06, a P/E/G ratio of 7.80 and a beta of 1.22. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $88.10. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The company has a 50 day simple moving average of $73.48 and a two-hundred day simple moving average of $69.60.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping the consensus estimate of $1.72 by $0.02. The company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. BXP’s dividend payout ratio (DPR) is 9,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BXP. Truist Financial lifted their price objective on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a report on Wednesday, September 10th. Wall Street Zen cut shares of BXP from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. BMO Capital Markets reduced their target price on shares of BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. Compass Point cut shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Wednesday, September 10th. Finally, Piper Sandler upped their price objective on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BXP has an average rating of “Hold” and an average target price of $79.26.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.