Vanguard Group Inc. Trims Stake in BXP, Inc. $BXP

Vanguard Group Inc. reduced its position in BXP, Inc. (NYSE:BXP) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,138,173 shares of the real estate investment trust’s stock after selling 332,217 shares during the period. Vanguard Group Inc. owned about 15.24% of BXP worth $1,794,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXP. Benjamin Edwards Inc. grew its holdings in shares of BXP by 2.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 159 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BXP by 2.5% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 6,476 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 160 shares during the period. CVA Family Office LLC grew its stake in BXP by 12.4% during the second quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 226 shares during the period. O ROURKE & COMPANY Inc boosted its holdings in BXP by 3.8% in the third quarter. O ROURKE & COMPANY Inc now owns 6,147 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 226 shares during the last quarter. 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 worth $264,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BXP shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 price target on shares of BXP in a research report on Tuesday, January 6th. The Goldman Sachs Group set a $72.00 target price on shares of BXP in a research report on Wednesday, February 4th. Cantor Fitzgerald restated an “overweight” rating and set a $79.00 price target on shares of BXP in a research note on Thursday, January 29th. UBS Group cut their target price on BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised shares of BXP to an “outperform” rating in a research note on Thursday, December 4th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BXP presently has a consensus rating of “Hold” and a consensus target price of $77.05.

BXP Trading Up 1.2%

BXP stock opened at $62.28 on Friday. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $79.33. The stock has a market capitalization of $9.87 billion, a P/E ratio of 35.79, a PEG ratio of 2.62 and a beta of 1.01. The stock has a 50-day simple moving average of $66.21 and a 200 day simple moving average of $69.64. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.5%. BXP’s dividend payout ratio is presently 160.92%.

Insider Activity at BXP

In other news, EVP Hilary J. Spann sold 1,194 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $63.31, for a total transaction of $75,592.14. Following the completion of the sale, the executive vice president owned 17,832 shares in the company, valued at $1,128,943.92. This trade represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,842 shares of company stock worth $3,070,559. Insiders own 1.49% of the company’s stock.

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.