BXP, Inc. $BXP Stake Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in BXP, Inc. (NYSE:BXP) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,108,693 shares of the real estate investment trust’s stock after selling 22,648 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BXP were worth $279,884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacific Heights Asset Management LLC increased its stake in shares of BXP by 66.7% in 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 buying an additional 40,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in BXP by 0.9% in 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 period. Tredje AP fonden boosted its holdings in BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock worth $7,251,000 after purchasing an additional 95,948 shares during the period. Nuveen LLC acquired a new position in BXP in the first quarter worth $14,737,000. Finally, Jones Financial Companies Lllp boosted its holdings in BXP by 632.6% in 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 purchasing an additional 19,528 shares during the period. Institutional investors own 98.72% of the company’s stock.

BXP Stock Performance

Shares of BXP opened at $69.48 on Monday. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 2,316.77, a price-to-earnings-growth ratio of 7.28 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a fifty day moving average of $71.77 and a 200-day moving average of $68.76.

BXP (NYSE:BXP) last announced its quarterly 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. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, equities analysts anticipate that BXP, Inc. will post 6.91 earnings per share 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 4.0%. The ex-dividend date is Tuesday, September 30th. BXP’s payout ratio is currently 9,333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Cantor Fitzgerald assumed coverage on shares of BXP in a report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 price objective for the company. Morgan Stanley lifted their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Evercore ISI lifted their price objective on shares of BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Piper Sandler lifted their price objective on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BXP in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BXP currently has a consensus rating of “Hold” and a consensus target price of $77.88.

BXP Company Profile

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.