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

BXP, Inc. (NYSE:BXP) EVP John Stroman sold 16,838 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

BXP Stock Performance

NYSE:BXP traded down $0.11 during trading hours on Wednesday, hitting $72.31. 441,124 shares of the company were exchanged, compared to its average volume of 1,647,797. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of -56.97, a PEG ratio of 7.35 and a beta of 1.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 3.76. The company’s 50 day moving average price is $73.61 and its 200-day moving average price is $70.13. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $84.75.

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

BXP Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. LADENBURG THALM/SH SH assumed coverage on BXP in a research note on Monday, October 13th. They set a “buy” rating and a $85.00 target price for the company. Compass Point downgraded BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Wednesday, September 10th. Citigroup upped their target price on shares of BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Wells Fargo & Company lowered their target price on BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 27th. Finally, Jefferies Financial Group lifted their price objective on shares of BXP from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, BXP has an average rating of “Hold” and an average target price of $79.26.

Hedge Funds Weigh In On BXP

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

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.