OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of BXP, Inc. (NYSE:BXP – Free Report) by 62.6% in the third quarter, Holdings Channel reports. The firm owned 12,696 shares of the real estate investment trust’s stock after selling 21,245 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in BXP were worth $944,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of BXP. Norges Bank bought a new position in shares of BXP during the second quarter worth $686,886,000. Vanguard Group Inc. grew its stake in BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the period. Franklin Resources Inc. increased its holdings in shares of BXP by 354.0% in the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock worth $58,711,000 after acquiring an additional 678,529 shares in the last quarter. Bamco Inc. NY bought a new stake in BXP during the 2nd quarter worth approximately $38,580,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after buying an additional 472,221 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
More BXP News
Here are the key news stories impacting BXP this week:
- Positive Sentiment: BXP confirmed completion of property sales with net proceeds of more than $1.0 billion, noting progress toward its 2025–2027 asset-sale plan and freeing capital for higher-return, core market investments. BXP Announces Strategic Dispositions Totaling More than $1.0 Billion
- Positive Sentiment: Report details BXP’s $1B+ of asset sales covering land, multifamily, life sciences and office — a deliberate reallocation from non-core/suburban holdings toward premium workplace assets. BXP Offloads $1B Of Land, Multifamily, Life Sciences And Office
- Positive Sentiment: BXP sold a Reston apartment tower and a suburban development site — concrete examples of the company shedding non-core assets as part of the disposition program. BXP sells Reston apartment tower and suburban development site
- Positive Sentiment: Coverage noting BXP has topped $1.0B in sales toward its multi-year disposition target — reinforces the narrative of disciplined capital recycling. BXP tops $1.0B in asset sales toward multi-year disposition goal
- Positive Sentiment: Analyst note highlights the $1B milestone and the company’s intention to redeploy proceeds into premium workplace and gateway-market projects — framing the sales as value-enhancing. BXP Hits $1B Milestone Under Its Long-Term Asset Sale Plan Strategy
- Positive Sentiment: Barclays upgraded BXP, a supportive analyst move that may underpin near-term buying interest. Barclays upgrades Boston Properties (BXP)
- Neutral Sentiment: A roundup summarizes the views of 11 analysts — useful context but no single decisive call; reflects mixed sentiment across the analyst community. A Glimpse Into The Expert Outlook On BXP Through 11 Analysts
- Negative Sentiment: JPMorgan Chase published a pessimistic forecast for BXP’s share price, which could weigh on sentiment and limit near-term upside. JPMorgan Chase & Co. Issues Pessimistic Forecast for BXP (NYSE:BXP) Stock Price
- Negative Sentiment: Scotiabank lowered its price target from $81 to $74 and moved to a “sector performer” rating — a more cautious valuation that may temper upside expectations. Scotiabank lowers BXP price target
BXP Trading Up 1.1%
BXP (NYSE:BXP – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, beating the consensus estimate of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Analysts expect that BXP, Inc. will post 6.91 earnings per share for the current year.
BXP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s dividend payout ratio (DPR) is currently -220.47%.
Insiders Place Their Bets
In other BXP news, CFO Michael E. Labelle sold 13,422 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer owned 9,223 shares of the company’s stock, valued at $667,191.82. This represents a 59.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter V. Otteni sold 4,136 shares of BXP stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total value of $300,480.40. The SEC filing for this sale provides additional information. Insiders have sold 70,710 shares of company stock valued at $5,107,771 in the last quarter. Corporate insiders own 1.49% of the company’s stock.
Analysts Set New Price Targets
BXP has been the subject of a number of recent research reports. New Street Research set a $85.00 price target on BXP in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a research note on Thursday, December 4th. Barclays upgraded shares of BXP from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $82.00 in a research note on Tuesday. Finally, LADENBURG THALM/SH SH assumed coverage on BXP in a research report on Monday, October 13th. They issued a “buy” rating and a $85.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, BXP presently has a consensus rating of “Hold” and a consensus price target of $77.95.
Check Out Our Latest Research Report on BXP
About BXP
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.
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