BXP, Inc. $BXP Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in BXP, Inc. (NYSE:BXP) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 395,673 shares of the real estate investment trust’s stock after selling 27,273 shares during the period. Royal Bank of Canada’s holdings in BXP were worth $20,535,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of BXP in the fourth quarter valued at about $689,419,000. Cohen & Steers Inc. raised its stake in BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after acquiring an additional 4,503,738 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in BXP by 32,286.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after acquiring an additional 1,883,282 shares during the period. Invesco Ltd. lifted its position in BXP by 44.9% during the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after acquiring an additional 1,207,607 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after purchasing an additional 1,053,938 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Trading Down 0.9%

Shares of BXP stock opened at $70.03 on Thursday. The company has a 50-day moving average of $66.69 and a two-hundred day moving average of $61.22. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a current ratio of 3.91, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock has a market cap of $11.17 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.64 and a beta of 1.01.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same quarter in the previous year, the company earned $1.71 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, research analysts anticipate that BXP, Inc. will post 7.02 EPS for the current fiscal year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.0%. BXP’s dividend payout ratio is 150.54%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BXP. UBS Group set a $76.00 target price on BXP in a report on Wednesday. LADENBURG THALM/SH SH lifted their price objective on shares of BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Citigroup upped their price objective on shares of BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $68.00 target price on shares of BXP in a research note on Tuesday, June 2nd. Finally, Piper Sandler lifted their target price on shares of BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.58.

Insider Buying and Selling at BXP

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was 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 in the company, valued at $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,176 shares of company stock valued at $2,151,552. Insiders own 1.50% of the company’s stock.

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.