BXP, Inc. $BXP Shares Purchased by Whittier Trust Co.

Whittier Trust Co. raised its holdings in shares of BXP, Inc. (NYSE:BXP) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,314 shares of the real estate investment trust’s stock after buying an additional 8,745 shares during the period. Whittier Trust Co. owned about 0.19% of BXP worth $22,178,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares during the period. State Street Corp lifted its stake in shares of BXP by 1.7% during the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after purchasing an additional 186,269 shares in the last quarter. Norges Bank purchased a new stake in shares of BXP in the second quarter worth about $686,886,000. Geode Capital Management LLC grew its stake in shares of BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after buying an additional 68,481 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of BXP by 15.5% during the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after buying an additional 403,090 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price objective on shares of BXP in a research report on Tuesday, January 6th. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the company a “neutral” rating in a report on Friday, October 17th. UBS Group cut their price objective on shares of BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Mizuho dropped 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. Finally, New Street Research set a $85.00 price target on BXP in a report on Monday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.90.

BXP Stock Performance

Shares of BXP stock opened at $65.46 on Friday. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of -51.54, a PEG ratio of 7.72 and a beta of 1.01. BXP, Inc. has a one year low of $54.22 and a one year high of $79.33. The company’s 50-day simple moving average is $69.02 and its 200-day simple moving average is $70.47. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50.

BXP (NYSE:BXP) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The company had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. During the same quarter last year, the business posted $1.81 EPS. BXP’s quarterly revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, December 31st. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Insider Buying and Selling at BXP

In other news, 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 directly owned 9,223 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total value of $2,621,144.52. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 70,710 shares of company stock valued at $5,107,771. Corporate insiders own 1.49% of the company’s stock.

BXP 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.