Key Points
- BXP EVP Peter Otteni sold 4,863 shares on Wednesday, May 20, at an average price of $59.06, for total proceeds of about $287,209.
- The company recently reported Q1 earnings of $0.64 per share, which missed analyst expectations of $1.58, even though revenue came in above estimates at $872.15 million.
- BXP also pays a quarterly dividend of $0.70 per share, equal to an annualized yield of 4.7%, while analysts currently rate the stock a consensus Hold with an average target price of $71.60.
BXP, Inc. (NYSE:BXP - Get Free Report) EVP Peter Otteni sold 4,863 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
BXP Stock Performance
Shares of BXP opened at $59.82 on Thursday. The firm has a market cap of $9.54 billion, a P/E ratio of 30.06, a PEG ratio of 2.53 and a beta of 1.04. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The firm's 50 day moving average price is $55.39 and its two-hundred day moving average price is $62.61.
BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The company had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, analysts forecast that BXP, Inc. will post 6.96 EPS for the current fiscal year.
BXP Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP's dividend payout ratio is 140.70%.
Analysts Set New Price Targets
Several research firms have recently weighed in on BXP. Scotiabank reduced their price target on shares of BXP from $74.00 to $65.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on BXP in a report on Wednesday, May 13th. Mizuho downgraded BXP from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Barclays decreased their price objective on BXP from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Monday. Finally, Truist Financial decreased their price objective on BXP from $74.00 to $70.00 and set a "hold" rating for the company in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $71.60.
Get Our Latest Stock Analysis on BXP
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Cohen & Steers Inc. grew its holdings in shares of 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 bought a new position in BXP in the fourth quarter valued at approximately $689,419,000. APG Asset Management US Inc. grew its stake in BXP by 3.2% in the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust's stock valued at $564,883,000 after purchasing an additional 232,591 shares in the last quarter. Geode Capital Management LLC grew its stake in BXP by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust's stock valued at $287,121,000 after purchasing an additional 55,621 shares in the last quarter. Finally, Invesco Ltd. grew its stake in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust's stock valued at $276,751,000 after purchasing an additional 204,258 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.
BXP Company Profile
(
Get Free Report)
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.
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