Norges Bank Makes New Investment in BXP, Inc. $BXP

Norges Bank purchased a new position in BXP, Inc. (NYSE:BXP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,216,641 shares of the real estate investment trust’s stock, valued at approximately $689,419,000. Norges Bank owned about 0.06% of BXP at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. APG Asset Management US Inc. boosted its holdings in BXP by 3.2% in the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after acquiring an additional 232,591 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 55,621 shares in the last quarter. Invesco Ltd. boosted its holdings in BXP by 44.9% in the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after acquiring an additional 1,207,607 shares in the last quarter. Boston Partners boosted its holdings in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after acquiring an additional 529,158 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of BXP by 3.9% in the third quarter. Northern Trust Corp now owns 3,411,777 shares of the real estate investment trust’s stock worth $253,632,000 after purchasing an additional 127,948 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Up 0.1%

Shares of BXP stock opened at $60.09 on Monday. The stock has a 50 day moving average of $56.47 and a 200 day moving average of $62.10. 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 has a market cap of $9.58 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.59 and a beta of 1.04. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last announced its quarterly 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 company had revenue of $872.15 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, sell-side analysts expect that BXP, Inc. will post 6.95 EPS for the current year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BXP. Weiss Ratings cut BXP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Evercore set a $62.00 price objective on BXP in a research note on Wednesday, April 29th. Citigroup reduced their price objective on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Piper Sandler reduced their price objective on BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group set a $72.00 price objective on BXP in a research note on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.30.

Insider Activity at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of BXP 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,063 shares of company stock valued at $418,955. 1.50% of the stock is owned by company insiders.

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.