Resona Asset Management Co. Ltd. Sells 18,995 Shares of BXP, Inc. $BXP

Resona Asset Management Co. Ltd. cut its position in BXP, Inc. (NYSE:BXP) by 22.1% in the first quarter, HoldingsChannel.com reports. The firm owned 67,146 shares of the real estate investment trust’s stock after selling 18,995 shares during the period. Resona Asset Management Co. Ltd.’s holdings in BXP were worth $3,480,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. grew its position in shares of BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after buying an additional 4,503,738 shares during the last quarter. Norges Bank purchased a new stake in BXP during the fourth quarter valued at approximately $689,419,000. Geode Capital Management LLC lifted its position in BXP by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after acquiring an additional 55,621 shares during the last quarter. Invesco Ltd. boosted its stake in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after acquiring an additional 204,258 shares in the last quarter. Finally, Boston Partners boosted its stake 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 valued at $263,031,000 after acquiring an additional 529,158 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BXP

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was 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. In the last 90 days, insiders have sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is currently owned by insiders.

BXP Trading Up 0.3%

NYSE:BXP opened at $67.05 on Tuesday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The firm has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $61.00. 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 company has a market capitalization of $10.69 billion, a P/E ratio of 33.69, a PEG ratio of 2.89 and a beta of 1.01.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. During the same period last year, the firm earned $1.64 earnings per share. BXP’s quarterly revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities research analysts anticipate that BXP, Inc. will post 6.95 earnings per share for the current year.

BXP Announces Dividend

The company also recently declared 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 4.2%. The ex-dividend date is Tuesday, June 30th. BXP’s payout ratio is presently 140.70%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BXP. Cantor Fitzgerald cut their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Scotiabank raised BXP from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $65.00 to $70.00 in a research report on Thursday, June 18th. Barclays dropped their target price on BXP from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Piper Sandler reduced their target price on BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.95.

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.