Key Points
- EVP Raymond Ritchey sold 36,314 shares of BXP at an average price of $72.18 on Dec. 1, totaling $2,621,144.52, per an SEC filing.
- BXP reported quarterly EPS of $1.74 (beating estimates) and revenue of $871.5M (+1.4% YoY), and set FY2025 guidance of 6.890–6.920 EPS (analysts project ~6.91).
- The company paid a $0.70 quarterly dividend ($2.80 annualized, 3.9% yield) but shows a negative payout ratio (‑220.47%); analysts hold a consensus “Hold” rating with a $79.21 price target and mixed buy/hold/sell opinions.
BXP, Inc. (NYSE:BXP - Get Free Report) EVP Raymond Ritchey sold 36,314 shares of BXP stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $72.18, for a total transaction of $2,621,144.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
BXP Price Performance
BXP stock opened at $71.74 on Wednesday. The firm has a fifty day moving average of $72.06 and a 200-day moving average of $70.73. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $83.29. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $11.37 billion, a P/E ratio of -56.49, a PEG ratio of 6.73 and a beta of 0.99.
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, beating the consensus estimate of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The business had revenue of $871.51 million for the quarter, compared to analyst estimates of $860.88 million. During the same quarter in the previous year, the business posted $1.81 EPS. The business's quarterly revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, analysts predict that BXP, Inc. will post 6.91 EPS for the current year.
BXP Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. BXP's dividend payout ratio is presently -220.47%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Cantor Fitzgerald initiated coverage on shares of BXP in a research report on Wednesday, October 1st. They issued an "overweight" rating and a $90.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of BXP from $79.00 to $84.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Citigroup upped their target price on shares of BXP from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Finally, Scotiabank lifted their price target on shares of BXP from $77.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, BXP presently has a consensus rating of "Hold" and a consensus price target of $79.21.
Get Our Latest Stock Analysis on BXP
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in BXP during the 2nd quarter worth approximately $306,000. Cetera Investment Advisers increased its holdings in shares of BXP by 9.9% in the 2nd quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust's stock valued at $3,538,000 after acquiring an additional 4,744 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of BXP by 10.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,316 shares of the real estate investment trust's stock valued at $426,000 after acquiring an additional 592 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in BXP by 16.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 114,062 shares of the real estate investment trust's stock worth $7,717,000 after purchasing an additional 16,290 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BXP by 0.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust's stock worth $134,461,000 after purchasing an additional 17,385 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
About BXP
(
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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