Strs Ohio Has $48.42 Million Stock Holdings in BXP, Inc. $BXP

Strs Ohio increased its stake in shares of BXP, Inc. (NYSE:BXP) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 651,359 shares of the real estate investment trust’s stock after buying an additional 160,330 shares during the period. Strs Ohio owned 0.41% of BXP worth $48,422,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Covestor Ltd lifted its position in BXP by 431.7% during the third quarter. Covestor Ltd now owns 771 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 626 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in BXP during the 3rd quarter worth approximately $970,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in BXP by 28.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 237,799 shares of the real estate investment trust’s stock worth $17,678,000 after purchasing an additional 52,156 shares during the last quarter. Vert Asset Management LLC boosted its stake in BXP by 2.0% in the 3rd quarter. Vert Asset Management LLC now owns 67,975 shares of the real estate investment trust’s stock valued at $5,053,000 after purchasing an additional 1,348 shares during the period. Finally, Sage Mountain Advisors LLC grew its holdings in BXP by 7.0% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,551 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 232 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $77.00 target price on shares of BXP and gave the company a “neutral” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. New Street Research set a $85.00 target price on shares of BXP in a research report on Monday, October 13th. Barclays lowered their target price on shares of BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Evercore ISI cut their price target on BXP from $77.00 to $76.00 and set an “in-line” rating for the company in a research note on Friday, November 14th. Eleven research 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.90.

BXP Price Performance

BXP stock opened at $65.46 on Friday. The company’s 50-day moving average price is $69.02 and its two-hundred day moving average price is $70.46. The firm has a market cap of $10.37 billion, a P/E ratio of -51.54, a P/E/G ratio of 7.71 and a beta of 1.01. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33.

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

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Insiders Place Their Bets

In other BXP news, EVP Raymond A. Ritchey sold 36,314 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Stroman sold 16,838 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The SEC filing for this sale provides additional information. Insiders sold a total of 70,710 shares of company stock worth $5,107,771 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.

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.