Freedom Investment Management Inc. Sells 566 Shares of BXP, Inc. $BXP

Freedom Investment Management Inc. lessened its position in BXP, Inc. (NYSE:BXP) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,540 shares of the real estate investment trust’s stock after selling 566 shares during the quarter. Freedom Investment Management Inc.’s holdings in BXP were worth $779,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock worth $134,461,000 after buying an additional 17,385 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in BXP by 3.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 224,969 shares of the real estate investment trust’s stock worth $15,179,000 after buying an additional 7,955 shares during the period. Nuveen LLC purchased a new position in BXP in the 1st quarter worth about $14,737,000. Swedbank AB increased its stake in BXP by 14.8% in the 2nd quarter. Swedbank AB now owns 124,545 shares of the real estate investment trust’s stock worth $8,403,000 after buying an additional 16,019 shares during the period. Finally, Tredje AP fonden increased its stake in BXP by 801.4% in the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock worth $7,251,000 after buying an additional 95,948 shares during the period. Institutional investors own 98.72% of the company’s stock.

BXP Trading Up 0.6%

NYSE BXP opened at $74.19 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 2,473.69, a price-to-earnings-growth ratio of 7.72 and a beta of 1.22. The company’s 50-day simple moving average is $73.15 and its two-hundred day simple moving average is $69.26. BXP, Inc. has a one year low of $54.22 and a one year high of $88.72.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $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 analysts forecast 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 will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. BXP’s payout ratio is presently 9,333.33%.

Analysts Set New Price Targets

BXP has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on shares of BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on shares of BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 price target on the stock. Wall Street Zen downgraded shares of BXP from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Citigroup raised their price target on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Cantor Fitzgerald initiated coverage on shares of BXP in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BXP has an average rating of “Hold” and an average price target of $79.26.

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.