Patriot Financial Group Insurance Agency LLC Invests $3.88 Million in BXP, Inc. $BXP

Patriot Financial Group Insurance Agency LLC acquired a new stake in BXP, Inc. (NYSE:BXP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 74,784 shares of the real estate investment trust’s stock, valued at approximately $3,881,000.

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

Analyst Upgrades and Downgrades

BXP has been the subject of several recent research reports. Cantor Fitzgerald lowered their price objective on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Evercore set a $62.00 target price on shares of BXP in a research note on Wednesday, April 29th. Piper Sandler reduced their target price on shares of BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Scotiabank raised shares of BXP from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $65.00 to $70.00 in a research report on Thursday, June 18th. Finally, Citigroup cut their price objective on BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.90.

Insider Activity

In related news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders 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 stock opened at $67.31 on Monday. The business has a 50 day moving average price of $61.12 and a 200 day moving average price of $61.18. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.91 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 announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.94). The company had revenue of $872.15 million during 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts anticipate that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. BXP’s dividend payout ratio is presently 140.70%.

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.