Wealthfront Advisers LLC Makes New Investment in BXP, Inc. $BXP

Wealthfront Advisers LLC acquired a new position in shares of BXP, Inc. (NYSE:BXP) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,616 shares of the real estate investment trust’s stock, valued at approximately $1,035,000.

A number of other hedge funds have also made changes to their positions in the business. Elyxium Wealth LLC purchased a new stake in BXP during the fourth quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in BXP in the second quarter valued at approximately $29,000. Clearstead Advisors LLC boosted its holdings in BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 268 shares in the last quarter. State of Wyoming increased its stake in BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 193 shares during the last quarter. Finally, Eastern Bank increased its stake in BXP by 108.7% in the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BXP shares. Cantor Fitzgerald reduced their price objective on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BXP in a report on Wednesday, August 12th. UBS Group set a $76.00 target price on shares of BXP in a research report on Wednesday, August 5th. Truist Financial cut their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Finally, Barclays boosted their price target on shares of BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, BXP presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.58.

Insider Activity at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the sale, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

BXP Price Performance

BXP stock opened at $67.50 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $10.78 billion, a P/E ratio of 36.29, a PEG ratio of 2.53 and a beta of 1.01. The business has a 50 day simple moving average of $67.88 and a 200-day simple moving average of $61.44. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $858.07 million. During the same period in the previous year, the company posted $1.71 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. As a group, equities analysts anticipate that BXP, Inc. will post 7.03 EPS for the current year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.70 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. BXP’s payout ratio is currently 150.54%.

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.