Greenland Capital Management LP Invests $3.94 Million in BXP, Inc. $BXP

Greenland Capital Management LP purchased a new position in BXP, Inc. (NYSE:BXP) during the third quarter, HoldingsChannel reports. The firm purchased 53,057 shares of the real estate investment trust’s stock, valued at approximately $3,944,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mufg Securities Americas Inc. lifted its stake in shares of BXP by 23.0% in the third quarter. Mufg Securities Americas Inc. now owns 3,972 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 744 shares in the last quarter. Compound Planning Inc. raised its holdings in BXP by 6.6% in the 3rd quarter. Compound Planning Inc. now owns 3,725 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 231 shares during the last quarter. Avalon Trust Co bought a new position in BXP in the 3rd quarter valued at approximately $36,000. Stevens Capital Management LP purchased a new stake in BXP during the 3rd quarter valued at $217,000. Finally, Y.D. More Investments Ltd boosted its stake in BXP by 49.9% during the 3rd quarter. Y.D. More Investments Ltd now owns 7,029 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 2,339 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Scotiabank lowered their target price on shares of BXP from $81.00 to $74.00 and set a “sector performer” rating on the stock in a research note on Wednesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Finally, Mizuho reduced their price target on shares of BXP from $82.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.05.

BXP Stock Down 2.0%

BXP stock opened at $59.66 on Tuesday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.59 and a beta of 1.01. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The business’s 50-day moving average is $65.76 and its two-hundred day moving average is $69.61. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is 160.92%.

Insider Buying and Selling

In related news, CEO Owen D. Thomas sold 1,198 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Hilary J. Spann sold 1,194 shares of the company’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 sale, the executive vice president directly owned 17,832 shares of the company’s stock, valued at approximately $1,128,943.92. This represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 38,706 shares of company stock valued at $2,770,078. 1.35% of the stock is owned by insiders.

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.