NEOS Investment Management LLC Raises Stock Position in BXP, Inc. $BXP

NEOS Investment Management LLC boosted its stake in BXP, Inc. (NYSE:BXP) by 75.7% in the third quarter, HoldingsChannel reports. The firm owned 27,961 shares of the real estate investment trust’s stock after acquiring an additional 12,047 shares during the period. NEOS Investment Management LLC’s holdings in BXP were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new position in BXP in the second quarter valued at about $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP in the 3rd quarter worth $27,000. MUFG Securities EMEA plc purchased a new stake in shares of BXP in the 2nd quarter worth $29,000. Quent Capital LLC bought a new stake in BXP during the third quarter valued at about $44,000. Finally, Rothschild Investment LLC increased its position in BXP by 67.1% in the second quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 255 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Mizuho lowered their price target on shares of BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. UBS Group lowered their target price on shares of BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.05.

Insiders Place Their Bets

In related news, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,842 shares of company stock worth $3,070,559 over the last three months. 1.49% of the stock is currently owned by corporate insiders.

BXP Stock Performance

NYSE:BXP opened at $60.88 on Friday. The firm has a market capitalization of $9.65 billion, a PE ratio of 34.99, a PEG ratio of 2.64 and a beta of 1.01. The stock’s fifty day moving average is $66.00 and its 200 day moving average is $69.60. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is presently 160.92%.

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.