Versor Investments LP Acquires New Stake in BXP, Inc. $BXP

Versor Investments LP acquired a new stake in BXP, Inc. (NYSE:BXP) during the third quarter, Holdings Channel reports. The fund acquired 9,400 shares of the real estate investment trust’s stock, valued at approximately $699,000.

A number of other large investors have also modified their holdings of the business. Callan Family Office LLC purchased a new position in shares of BXP in the second quarter worth about $202,000. Apollon Wealth Management LLC purchased a new stake in BXP during the 2nd quarter valued at about $220,000. Vanguard Personalized Indexing Management LLC raised its holdings in BXP by 14.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,792 shares of the real estate investment trust’s stock valued at $1,943,000 after acquiring an additional 3,666 shares during the last quarter. CWM LLC lifted its stake in BXP by 5.2% in the 2nd quarter. CWM LLC now owns 7,213 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 355 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings 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 worth $426,000 after purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at BXP

In other BXP news, EVP Peter V. Otteni sold 4,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Hilary J. Spann sold 1,194 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $63.31, for a total value of $75,592.14. Following the transaction, the executive vice president owned 17,832 shares in the company, valued at $1,128,943.92. This trade represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,644 shares of company stock worth $2,997,217. 1.49% of the stock is currently owned by insiders.

BXP Stock Down 6.4%

Shares of NYSE:BXP opened at $61.90 on Thursday. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of -48.74, a PEG ratio of 2.81 and a beta of 1.01. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $79.33. The business has a 50-day moving average price of $67.26 and a 200 day moving average price of $69.92. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s payout ratio is -220.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BXP shares. Scotiabank cut their price target on BXP from $81.00 to $74.00 and set a “sector performer” rating for the company in a report on Wednesday, January 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $79.00 target price on shares of BXP in a report on Thursday, January 29th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 price objective on shares of BXP in a report on Tuesday, January 6th. Finally, Barclays reduced their target price on shares of BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BXP presently has an average rating of “Hold” and an average target price of $77.05.

About BXP

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.