Fox Run Management L.L.C. Buys Shares of 11,012 BXP, Inc. $BXP

Fox Run Management L.L.C. purchased a new stake in shares of BXP, Inc. (NYSE:BXP) during the third quarter, Holdings Channel.com reports. The fund purchased 11,012 shares of the real estate investment trust’s stock, valued at approximately $819,000.

Several other large investors also recently added to or reduced their stakes in BXP. Norges Bank bought a new stake in BXP in the 2nd quarter valued at about $686,886,000. Vanguard Group Inc. increased its stake in shares of BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares in the last quarter. Franklin Resources Inc. raised its position in shares of BXP by 354.0% in the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after purchasing an additional 678,529 shares during the period. Bamco Inc. NY purchased a new stake in shares of BXP during the 2nd quarter valued at approximately $38,580,000. Finally, Daiwa Securities Group Inc. boosted its holdings in BXP by 70.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after buying an additional 472,221 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

BXP has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a research report on Monday, December 29th. The Goldman Sachs Group set a $72.00 target price on shares of BXP in a research note on Wednesday, February 4th. Evercore reduced their price target on shares of BXP from $76.00 to $73.00 and set an “in-line” rating for the company in a research report on Thursday, January 29th. Barclays decreased their price target on shares of BXP from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, KeyCorp raised BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a research note on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.45.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 36,314 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hilary J. Spann sold 1,194 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $63.31, for a total value of $75,592.14. Following the sale, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,128,943.92. This represents a 6.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,706 shares of company stock valued at $2,770,078. 1.49% of the stock is owned by company insiders.

BXP Price Performance

Shares of NYSE:BXP opened at $61.20 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. The company has a market capitalization of $9.70 billion, a PE ratio of 35.17, a PEG ratio of 2.57 and a beta of 1.01. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $79.33. The business has a fifty day moving average price of $65.19 and a 200-day moving average price of $69.46.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio is currently 160.92%.

BXP Profile

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.