BXP, Inc. $BXP Stock Holdings Lessened by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its holdings in shares of BXP, Inc. (NYSE:BXP) by 76.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,505 shares of the real estate investment trust’s stock after selling 14,545 shares during the period. Great Lakes Advisors LLC’s holdings in BXP were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BXP. Loomis Sayles & Co. L P acquired a new position in BXP in the second quarter valued at approximately $25,000. Muzinich & Co. Inc. acquired a new stake in shares of BXP during the 3rd quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of BXP in the 2nd quarter worth approximately $29,000. REAP Financial Group LLC boosted its position in BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 311 shares during the period. Finally, Quent Capital LLC bought a new position in BXP during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Transactions at BXP

In related news, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer directly owned 9,223 shares in the company, valued at approximately $667,191.82. The trade was a 59.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 70,710 shares of company stock valued at $5,107,771. Company insiders own 1.35% of the company’s stock.

BXP Trading Down 2.5%

Shares of NYSE:BXP opened at $63.08 on Tuesday. The company has a 50 day moving average of $68.42 and a 200-day moving average of $70.24. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The firm has a market cap of $10.00 billion, a P/E ratio of -49.67, a P/E/G ratio of 7.65 and a beta of 1.01. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $79.33.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio (DPR) is presently 160.92%.

Analyst Ratings Changes

A number of research firms have issued reports on BXP. The Goldman Sachs Group set a $77.00 target price on BXP and gave the company a “neutral” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. Truist Financial reduced their target price on shares of BXP from $74.00 to $70.00 and set a “hold” rating for the company in a research note on Monday. Evercore ISI dropped their price target on shares of BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a research note on Thursday, January 29th. Finally, Jefferies Financial Group lifted their price target on BXP from $79.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 13th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.40.

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.