BXP (NYSE:BXP) EVP John Stroman Sells 16,838 Shares

BXP, Inc. (NYSE:BXP) EVP John Stroman sold 16,838 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BXP Stock Down 1.0%

BXP stock opened at $71.67 on Thursday. The company has a market cap of $11.35 billion, a price-to-earnings ratio of -56.43, a P/E/G ratio of 7.35 and a beta of 1.20. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $84.75. The business has a 50 day moving average price of $73.57 and a two-hundred day moving average price of $70.14. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, beating the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. During the same quarter in the prior year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Analysts anticipate that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. BXP’s payout ratio is currently -220.47%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BXP. Evercore ISI upped their price objective on BXP from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 29th. Scotiabank decreased their target price on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. BMO Capital Markets cut their price target on BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Truist Financial lifted their price objective on shares of BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group set a $77.00 target price on shares of BXP and gave the stock a “neutral” rating in a research note on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, BXP presently has a consensus rating of “Hold” and an average target price of $79.26.

Institutional Trading of BXP

Several hedge funds and other institutional investors have recently bought and sold shares of BXP. Loomis Sayles & Co. L P acquired a new position in shares of BXP during the 2nd quarter worth approximately $25,000. Muzinich & Co. Inc. bought a new stake in shares of BXP in the third quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of BXP in the second quarter valued at approximately $29,000. REAP Financial Group LLC grew its position in BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 311 shares in the last quarter. Finally, Avalon Trust Co bought a new position in BXP during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.