BXP, Inc. $BXP Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. cut its stake in BXP, Inc. (NYSE:BXP) by 45.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,246 shares of the real estate investment trust’s stock after selling 17,422 shares during the period. Lincluden Management Ltd.’s holdings in BXP were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in BXP during the 1st quarter worth approximately $14,737,000. Tredje AP fonden lifted its stake in BXP by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after acquiring an additional 95,948 shares during the period. Pacific Heights Asset Management LLC lifted its stake in BXP by 66.7% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $6,719,000 after acquiring an additional 40,000 shares during the period. Jones Financial Companies Lllp lifted its stake in BXP by 632.6% during the 1st quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock valued at $1,520,000 after acquiring an additional 19,528 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in BXP by 0.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after acquiring an additional 17,385 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Scotiabank decreased their price objective on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Morgan Stanley lifted their price objective on shares of BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Citigroup lifted their price objective on shares of BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Cantor Fitzgerald began coverage on shares of BXP in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research note on Wednesday, September 10th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.88.

BXP Stock Performance

BXP opened at $69.48 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The firm has a fifty day moving average price of $71.77 and a 200 day moving average price of $68.76. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11. The stock has a market cap of $11.00 billion, a P/E ratio of 2,316.77, a P/E/G ratio of 7.28 and a beta of 1.22.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s payout ratio is presently 9,333.33%.

About BXP

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.