Syntax Research Inc. Cuts Stock Holdings in BXP, Inc. $BXP

Syntax Research Inc. decreased its stake in shares of BXP, Inc. (NYSE:BXP) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,469 shares of the real estate investment trust’s stock after selling 237 shares during the period. Syntax Research Inc.’s holdings in BXP were worth $99,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BXP. Nuveen LLC purchased a new position in shares of BXP during the first quarter valued at approximately $14,737,000. Tredje AP fonden boosted its position in shares of BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after buying an additional 95,948 shares during the last quarter. NewSquare Capital LLC lifted its holdings in BXP by 98.3% during the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock worth $7,281,000 after acquiring an additional 53,727 shares during the period. Pacific Heights Asset Management LLC lifted its holdings in BXP by 66.7% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $6,719,000 after acquiring an additional 40,000 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in BXP by 632.6% during the first quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock worth $1,520,000 after acquiring an additional 19,528 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Stock Performance

Shares of BXP opened at $75.58 on Friday. The firm has a market cap of $11.97 billion, a PE ratio of 2,520.01, a PEG ratio of 8.00 and a beta of 1.22. The stock’s fifty day moving average price is $71.19 and its two-hundred day moving average price is $68.59. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, equities 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 will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 30th. BXP’s payout ratio is presently 9,333.33%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI lifted their price target on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday. Truist Financial lifted their price target on BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, September 10th. Morgan Stanley lifted their price target on BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Cantor Fitzgerald assumed coverage on BXP in a report on Wednesday. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Mizuho dropped their price target on BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.88.

About BXP

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.