PNC Financial Services Group Inc. Decreases Stock Position in BXP, Inc. $BXP

PNC Financial Services Group Inc. cut its holdings in BXP, Inc. (NYSE:BXP) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,721 shares of the real estate investment trust’s stock after selling 12,962 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BXP were worth $2,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BXP. Norges Bank purchased a new position in shares of BXP in the fourth quarter worth $689,419,000. Cohen & Steers Inc. boosted its position in shares of BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in BXP by 32,286.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after buying an additional 1,883,282 shares in the last quarter. Invesco Ltd. increased its holdings in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after buying an additional 1,053,938 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president owned 311 shares in the company, valued at $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,176 shares of company stock worth $2,151,552 in the last 90 days. 1.50% of the stock is currently owned by insiders.

BXP Price Performance

NYSE BXP opened at $72.91 on Thursday. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The firm has a market capitalization of $11.63 billion, a P/E ratio of 39.20, a PEG ratio of 3.02 and a beta of 1.01. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a 50-day moving average price of $65.67 and a 200-day moving average price of $61.09.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.89%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.96 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 3.8%. BXP’s dividend payout ratio (DPR) is presently 140.70%.

Analyst Upgrades and Downgrades

BXP has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a report on Sunday. Piper Sandler boosted their price objective on shares of BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their target price on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Scotiabank lifted their target price on shares of BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $61.00 target price on shares of BXP in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.11.

Key Headlines Impacting BXP

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Q2 results beat expectations: BXP reported revenue of $895.7 million, up 3.1% year over year and above the $858.1 million consensus estimate. Reported EPS was $0.43, ahead of the $0.40 estimate, while funds from operations (FFO) reached $1.78 per share versus the $1.71 consensus. BXP Announces Second Quarter 2026 Results
• Positive Sentiment: Leasing and occupancy improved: Second-quarter leasing totaled approximately 1.76 million square feet. In-service occupancy rose about 100 basis points to 88.4%, while the leased rate reached 91.3%, supporting expectations for stronger portfolio net operating income. BXP Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: 2026 outlook was raised: Management set full-year 2026 FFO guidance at $6.99-$7.05 per share, above the prior consensus of approximately $6.95. The outlook reflects stronger portfolio NOI, faster lease commencements, lower expenses, and higher fee income. Third-quarter guidance of $1.80-$1.82 was broadly in line with expectations.
• Positive Sentiment: Financing supports development liquidity: BXP secured a $1.2 billion construction loan for 343 Madison Avenue, providing funding for a major project and signaling continued access to capital. BXP Secures $1.2 Billion Construction Loan
• Neutral Sentiment: Institutional positioning was mixed: Some investors, including First Eagle and Cohen & Steers, added substantially to their holdings, while Boston Partners, Allspring, BlackRock, and Voya reduced positions.
• Negative Sentiment: Leverage remains a longer-term risk: Analysts cited net debt-to-EBITDA of roughly 7.9x and refinancing headwinds, which could limit upside if interest rates remain elevated. BXP Solid Q2, But Long-Term Debt Concerns Limit Upside
• Negative Sentiment: Insider activity was unfavorable: Executives made eight open-market sales and no purchases during the past six months, a potential signal of limited insider conviction, although such transactions may also reflect routine diversification or compensation-related activity.

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.