Pictet Asset Management Holding SA Sells 60,862 Shares of BXP, Inc. $BXP

Pictet Asset Management Holding SA lowered its position in shares of BXP, Inc. (NYSE:BXP) by 67.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,267 shares of the real estate investment trust’s stock after selling 60,862 shares during the quarter. Pictet Asset Management Holding SA’s holdings in BXP were worth $1,519,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of BXP in the 1st quarter worth about $389,000. Kestra Private Wealth Services LLC grew its holdings in BXP by 28.0% in the first quarter. Kestra Private Wealth Services LLC now owns 65,283 shares of the real estate investment trust’s stock worth $3,388,000 after purchasing an additional 14,276 shares during the period. Vanderbilt University increased its stake in shares of BXP by 97.6% during the first quarter. Vanderbilt University now owns 14,175 shares of the real estate investment trust’s stock valued at $736,000 after purchasing an additional 7,002 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of BXP by 15.9% during the first quarter. SG Americas Securities LLC now owns 50,676 shares of the real estate investment trust’s stock valued at $2,630,000 after purchasing an additional 6,968 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of BXP by 18.9% in the 4th quarter. Hsbc Holdings PLC now owns 776,982 shares of the real estate investment trust’s stock worth $52,438,000 after buying an additional 123,301 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the business’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 value of $119,700.00. Following the completion of the transaction, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,176 shares of company stock worth $2,151,552. Corporate insiders own 1.50% of the company’s stock.

BXP Price Performance

BXP traded down $0.28 on Tuesday, hitting $69.69. 40,610 shares of the company’s stock traded hands, compared to its average volume of 2,125,377. BXP, Inc. has a one year low of $49.72 and a one year 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 firm has a market cap of $11.11 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 3.00 and a beta of 1.01. The company’s 50 day simple moving average is $62.11 and its 200-day simple moving average is $61.08.

BXP (NYSE:BXP) last released its quarterly earnings data 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 firm had revenue of $872.15 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, research analysts anticipate that BXP, Inc. will post 6.95 EPS for the current year.

BXP Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BXP. Barclays cut their price target on shares of BXP from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. Cantor Fitzgerald cut their target price on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. UBS Group lowered their price target on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, Truist Financial dropped their price target on BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.20.

About BXP

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.