Eric Kevorkian Sells 2,000 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) SVP Eric Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. This represents a 86.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BXP Stock Performance

Shares of BXP opened at $60.74 on Thursday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The firm’s fifty day simple moving average is $56.18 and its two-hundred day simple moving average is $62.26. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The stock has a market capitalization of $9.69 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The business had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, analysts predict that BXP, Inc. will post 6.96 EPS for the current year.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, March 31st. BXP’s payout ratio is presently 140.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BXP. UBS Group reduced their price objective on shares of BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. The Goldman Sachs Group set a $72.00 price target on shares of BXP in a report on Wednesday, February 4th. Evercore set a $62.00 price target on shares of BXP in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, Mizuho cut shares of BXP from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $79.00 to $62.00 in a research report on Tuesday, February 24th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.30.

Hedge Funds Weigh In On BXP

A number of hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in shares of BXP in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC boosted its holdings in BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 357 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in BXP during the second quarter worth about $29,000. Avalon Trust Co bought a new stake in BXP in the 3rd quarter worth about $36,000. Finally, Clearstead Advisors LLC grew its position in BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 268 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.