BXP (NYSE:BXP) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

BXP (NYSE:BXP) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03, FiscalAI reports. BXP had a net margin of 8.44% and a return on equity of 3.89%. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same period in the prior year, the business posted $1.71 earnings per share. BXP’s revenue for the quarter was up 3.1% compared to the same quarter last year. BXP updated its FY 2026 guidance to 6.990-7.050 EPS and its Q3 2026 guidance to 1.800-1.820 EPS.

BXP Price Performance

Shares of NYSE:BXP traded down $2.50 during trading on Thursday, reaching $70.47. The stock had a trading volume of 505,346 shares, compared to its average volume of 2,050,422. The business’s 50-day moving average price is $65.67 and its 200 day moving average price is $61.09. The stock has a market capitalization of $11.24 billion, a PE ratio of 37.87, a P/E/G ratio of 3.02 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. BXP has a 52 week low of $49.72 and a 52 week high of $79.33.

BXP Announces Dividend

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

Insider Buying and Selling at BXP

In other news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,176 shares of company stock worth $2,151,552. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BXP

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of BXP by 29.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 257 shares in the last quarter. First Trust Advisors LP increased its holdings in BXP by 45.7% during the 2nd quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 12,660 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of BXP by 29.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 2,089 shares during the period. Jump Financial LLC lifted its holdings 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 purchasing an additional 34,544 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of BXP by 99.3% during the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock worth $7,597,000 after buying an additional 56,104 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BXP shares. Citigroup lowered their price target on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings upgraded shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $61.00 price target on shares of BXP in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.11.

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.