Infrastructure Capital Advisors LLC Purchases 11,932 Shares of BXP, Inc. $BXP

Infrastructure Capital Advisors LLC grew its position in shares of BXP, Inc. (NYSE:BXP) by 65.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,261 shares of the real estate investment trust’s stock after acquiring an additional 11,932 shares during the period. Infrastructure Capital Advisors LLC’s holdings in BXP were worth $1,571,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BXP. Cohen & Steers Inc. boosted its position in shares of BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after purchasing an additional 4,503,738 shares in the last quarter. Norges Bank bought a new position in BXP in the fourth quarter worth $689,419,000. Geode Capital Management LLC raised its holdings in BXP by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after purchasing an additional 55,621 shares in the last quarter. Invesco Ltd. lifted its position in BXP by 5.2% during the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after buying an additional 204,258 shares during the period. Finally, Boston Partners lifted its position in BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after buying an additional 529,158 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BXP. Wells Fargo & Company upped their target price on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a research report on Sunday. Truist Financial dropped their price objective on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Mizuho upped their price objective on shares of BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $61.00 target price on shares of BXP in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, BXP has an average rating of “Moderate Buy” and an average target price of $73.11.

Insiders Place Their Bets

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 33,176 shares of company stock valued at $2,151,552. Insiders own 1.50% of the company’s stock.

BXP Trading Up 0.1%

NYSE BXP opened at $69.18 on Tuesday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock’s fifty day moving average price is $65.18 and its 200-day moving average price is $61.02. The stock has a market cap of $11.03 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.98 and a beta of 1.01.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). The company had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.BXP’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. As a group, equities analysts forecast that BXP, Inc. will post 6.96 EPS for the current fiscal year.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.0%. BXP’s payout ratio is 140.70%.

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.