Key Points
- EVP Peter Otteni sold 4,136 shares on November 25 at an average price of $72.65, totaling $300,480.40, per an SEC filing.
- BXP reported Q3 EPS of $1.74 (beat) and $871.5M revenue, and set FY 2025 guidance at 6.890–6.920 EPS (analyst consensus ~6.91).
- The company paid a quarterly dividend of $0.70 ($2.80 annualized, 3.9% yield) while showing a -220.47% payout ratio, and institutional investors now own about 98.72% of the stock with several large funds increasing positions.
BXP, Inc. (NYSE:BXP - Get Free Report) EVP Peter Otteni sold 4,136 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total value of $300,480.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
BXP Stock Up 2.5%
Shares of NYSE BXP opened at $72.42 on Wednesday. The company has a 50 day simple moving average of $72.49 and a 200 day simple moving average of $70.53. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 3.76. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $84.75. The firm has a market cap of $11.48 billion, a PE ratio of -57.03, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20.
BXP (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to analyst estimates of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, research analysts forecast that BXP, Inc. will post 6.91 EPS for the current year.
BXP Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. BXP's dividend payout ratio is presently -220.47%.
Institutional Trading of BXP
Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in BXP during the 2nd quarter worth approximately $686,886,000. Invesco Ltd. increased its holdings in shares of BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust's stock valued at $289,701,000 after acquiring an additional 1,207,607 shares in the last quarter. Vanguard Group Inc. raised its position in shares of BXP by 4.3% during the second 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. Daiwa Securities Group Inc. raised its position in shares of BXP by 76.8% during the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust's stock worth $149,576,000 after purchasing an additional 873,974 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of BXP by 354.0% in the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust's stock worth $58,711,000 after purchasing an additional 678,529 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have commented on BXP shares. New Street Research set a $85.00 target price on BXP in a report on Monday, October 13th. JPMorgan Chase & Co. raised BXP from a "neutral" rating to an "overweight" rating and set a $83.00 price target for the company in a research note on Friday, October 17th. Wall Street Zen lowered BXP from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Scotiabank upped their target price on BXP from $77.00 to $81.00 and gave the company a "sector perform" rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BXP in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $79.26.
Read Our Latest Analysis on BXP
BXP Company Profile
(
Get Free Report)
Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.
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