BXP, Inc. $BXP Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of BXP, Inc. (NYSE:BXP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,270,027 shares of the real estate investment trust’s stock after buying an additional 55,621 shares during the quarter. Geode Capital Management LLC’s holdings in BXP were worth $287,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BXP. Invesco Ltd. grew its position in shares of BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of BXP by 76.8% during the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock worth $149,576,000 after buying an additional 873,974 shares in the last quarter. Bamco Inc. NY acquired a new position in shares of BXP during the second quarter worth about $38,580,000. Boston Partners grew its position in shares of BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after buying an additional 529,158 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in BXP by 145.5% during the third quarter. Russell Investments Group Ltd. now owns 663,445 shares of the real estate investment trust’s stock worth $49,475,000 after purchasing an additional 393,255 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BXP shares. Citigroup decreased their target price on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Piper Sandler decreased their target price on BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Cantor Fitzgerald decreased their target price on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft set a $61.00 target price on BXP in a research note on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.45.

BXP Trading Down 1.4%

BXP opened at $59.14 on Tuesday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The business’s 50 day moving average is $56.58 and its two-hundred day moving average is $62.00. 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 released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The company 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 company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, research analysts predict that BXP, Inc. will post 6.95 EPS for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.7%. BXP’s payout ratio is presently 140.70%.

Insider Buying and Selling

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,063 shares of company stock worth $418,955. Corporate insiders own 1.50% of the company’s stock.

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.