BXP, Inc. $BXP Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in BXP, Inc. (NYSE:BXP) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,548,220 shares of the real estate investment trust’s stock after buying an additional 47,774 shares during the quarter. Legal & General Group Plc’s holdings in BXP were worth $104,474,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after purchasing an additional 1,207,607 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of BXP by 76.8% during the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock worth $149,576,000 after purchasing an additional 873,974 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of BXP during the second quarter worth about $38,580,000. Boston Partners lifted its position in shares of BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after purchasing an additional 529,158 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of BXP by 145.5% during the third quarter. Russell Investments Group Ltd. now owns 663,445 shares of the real estate investment trust’s stock worth $49,475,000 after purchasing an additional 393,255 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Down 0.1%

Shares of NYSE:BXP opened at $60.65 on Friday. The firm’s 50 day moving average price is $56.33 and its 200 day moving average price is $62.18. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities research analysts predict that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is 140.70%.

Insider Activity at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the sale, the senior vice president directly owned 311 shares in the company, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,063 shares of company stock worth $418,955. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BXP has been the topic of several research reports. Cantor Fitzgerald reduced their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Barclays reduced their price target on shares of BXP from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Scotiabank reduced their price target on shares of BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings cut shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Truist Financial reduced their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, BXP currently has a consensus rating of “Hold” and a consensus price target of $71.30.

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.