BXP, Inc. $BXP Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in BXP, Inc. (NYSE:BXP) by 97.2% in the first quarter, Holdings Channel.com reports. The firm owned 515 shares of the real estate investment trust’s stock after selling 18,185 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in BXP were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cohen & Steers Inc. lifted its position in BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after buying an additional 4,503,738 shares in the last quarter. Norges Bank purchased a new stake in BXP in the 4th quarter valued at $689,419,000. Geode Capital Management LLC increased its stake in shares of BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after acquiring an additional 55,621 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after acquiring an additional 204,258 shares during the period. Finally, Boston Partners raised its holdings in shares of BXP by 17.6% during the 3rd quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after acquiring an additional 529,158 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BXP shares. Piper Sandler dropped their price objective on shares of BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Citigroup reduced their target price on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $68.00 target price on shares of BXP in a report on Tuesday, June 2nd. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Cantor Fitzgerald cut their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.20.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the sale, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,176 shares of company stock worth $2,151,552 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

BXP Trading Down 2.0%

Shares of BXP stock opened at $68.60 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market cap of $10.94 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 3.02 and a beta of 1.01. The company has a 50-day moving average of $62.59 and a two-hundred day moving average of $61.07. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. During the same period last year, the firm posted $1.64 earnings per share. BXP’s revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, analysts predict that BXP, Inc. will post 6.95 EPS for the current year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. BXP’s payout ratio is presently 140.70%.

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.