Ensign Peak Advisors Inc Has $2.86 Million Stock Holdings in BXP, Inc. $BXP

Ensign Peak Advisors Inc lessened its holdings in BXP, Inc. (NYSE:BXP) by 19.2% in the 2nd quarter, Holdings Channel reports. The firm owned 42,370 shares of the real estate investment trust’s stock after selling 10,100 shares during the quarter. Ensign Peak Advisors Inc’s holdings in BXP were worth $2,859,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after buying an additional 1,016,579 shares during the last quarter. Boston Partners lifted its stake in shares of BXP by 15.5% in the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after buying an additional 403,090 shares during the period. Nuveen LLC acquired a new stake in shares of BXP during the 1st quarter worth approximately $14,737,000. Analyst IMS Investment Management Services Ltd. boosted its stake in BXP by 49.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 339,596 shares of the real estate investment trust’s stock worth $22,913,000 after buying an additional 112,760 shares in the last quarter. Finally, Tredje AP fonden boosted its position in shares of 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 in the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Stock Up 0.4%

Shares of BXP stock opened at $72.72 on Thursday. The company has a current ratio of 4.50, a quick ratio of 3.76 and a debt-to-equity ratio of 2.26. The firm’s fifty day moving average price is $72.41 and its two-hundred day moving average price is $70.55. The firm has a market capitalization of $11.52 billion, a P/E ratio of -57.26, a PEG ratio of 7.35 and a beta of 1.20. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $84.75.

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

BXP Cuts Dividend

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

Wall Street Analyst Weigh In

BXP has been the topic of several recent analyst reports. Cantor Fitzgerald started coverage on BXP in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price target on the stock. BMO Capital Markets decreased their price target on shares of BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. 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. Truist Financial boosted their price objective on BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, September 10th. Finally, Citigroup increased their price target on BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $79.26.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total transaction of $300,480.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John J. Stroman sold 16,838 shares of BXP stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total value of $1,215,198.46. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,396 shares of company stock worth $2,486,626 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.

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.