BXP (NYSE:BXP) CFO Michael Labelle Sells 26,113 Shares of Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BXP Stock Down 1.6%

Shares of NYSE BXP opened at $65.57 on Thursday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.04. The firm has a 50-day moving average price of $58.11 and a 200 day moving average price of $61.68. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The business had revenue of $872.15 million for the quarter, compared to analyst estimates of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.95 EPS for the current fiscal year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, March 31st. BXP’s dividend payout ratio is 140.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BXP. Wells Fargo & Company boosted their price target on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wall Street Zen cut BXP from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. BMO Capital Markets reissued an “outperform” rating and issued a $68.00 price target on shares of BXP in a report on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price target on BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Finally, Citigroup cut their price target on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.65.

Hedge Funds Weigh In On BXP

A number of institutional investors have recently modified their holdings of BXP. EverSource Wealth Advisors LLC raised its position in shares of BXP by 29.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 257 shares during the last quarter. First Trust Advisors LP raised its position in shares of BXP by 45.7% in the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock valued at $2,724,000 after buying an additional 12,660 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of BXP by 29.5% in the second quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $628,000 after buying an additional 2,089 shares during the last quarter. Jump Financial LLC raised its position in shares of BXP by 276.0% in the second quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 34,544 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of BXP by 99.3% in the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after buying an additional 56,104 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Company 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.