BXP, Inc. $BXP Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of BXP, Inc. (NYSE:BXP) by 16.7% in the 2nd quarter, Holdings Channel reports. The firm owned 114,062 shares of the real estate investment trust’s stock after purchasing an additional 16,290 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in BXP were worth $7,717,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Hussman Strategic Advisors Inc. acquired a new position in BXP during the second quarter worth about $1,417,000. Assetmark Inc. boosted its position in BXP by 143.7% during the second quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 723 shares during the last quarter. Keybank National Association OH boosted its position in BXP by 7.7% during the second quarter. Keybank National Association OH now owns 3,525 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 253 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in BXP during the second quarter worth about $223,000. Finally, Analyst IMS Investment Management Services Ltd. boosted its position in BXP by 49.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 339,596 shares of the real estate investment trust’s stock worth $22,913,000 after acquiring an additional 112,760 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Down 1.2%

NYSE:BXP opened at $69.78 on Wednesday. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock’s fifty day moving average is $73.70 and its two-hundred day moving average is $69.90. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $84.75. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of -54.94, a price-to-earnings-growth ratio of 7.35 and a beta of 1.22.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same period in the prior year, the firm earned $1.81 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts anticipate that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 30th. BXP’s dividend payout ratio is -220.47%.

Analyst Ratings Changes

BXP has been the subject of several analyst reports. New Street Research set a $85.00 price target on shares of BXP in a research note on Monday, October 13th. Scotiabank dropped their price target on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Morgan Stanley increased their price target on shares of BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Evercore ISI increased their price target on shares of BXP from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company dropped their price target on shares of BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BXP presently has an average rating of “Hold” and a consensus target price of $79.26.

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.