Robeco Institutional Asset Management B.V. Sells 18,438 Shares of BXP, Inc. $BXP

Robeco Institutional Asset Management B.V. lowered its holdings in shares of BXP, Inc. (NYSE:BXP) by 8.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 206,531 shares of the real estate investment trust’s stock after selling 18,438 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of BXP worth $15,354,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of BXP by 632.6% in the first quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock valued at $1,520,000 after buying an additional 19,528 shares during the last quarter. Goldman Sachs Group Inc. raised 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 valued at $134,461,000 after acquiring an additional 17,385 shares during the period. Czech National Bank raised its stake in BXP by 6.5% in the 2nd quarter. Czech National Bank now owns 35,604 shares of the real estate investment trust’s stock valued at $2,402,000 after acquiring an additional 2,181 shares during the period. Gilman Hill Asset Management LLC lifted its holdings in BXP by 12.7% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 13,684 shares of the real estate investment trust’s stock valued at $923,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in BXP by 1.8% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,258 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 857 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BXP. Cantor Fitzgerald set a $79.00 price objective on shares of BXP in a research report on Monday. The Goldman Sachs Group set a $77.00 price objective on shares of BXP and gave the stock a “neutral” rating in a research report on Friday, October 17th. Mizuho decreased their target price on BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Jefferies Financial Group increased their target price on BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research note on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.15.

Insider Buying and Selling

In other news, EVP Peter V. Otteni sold 4,136 shares of the company’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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total transaction of $970,947.48. Following the sale, the chief financial officer owned 9,223 shares in the company, valued at $667,191.82. This represents a 59.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 70,710 shares of company stock worth $5,107,771 in the last ninety days. 1.49% of the stock is owned by company insiders.

BXP Stock Up 1.4%

NYSE BXP opened at $67.06 on Friday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $79.33. The company has a 50 day moving average of $69.98 and a 200-day moving average of $70.60. The company has a market cap of $10.63 billion, a price-to-earnings ratio of -52.80, a PEG ratio of 7.75 and a beta of 1.01.

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

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, December 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s payout ratio is -220.47%.

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.