BlackRock Inc. Takes $1.19 Billion Position in BXP, Inc. $BXP

BlackRock Inc. purchased a new position in BXP, Inc. (NYSE:BXP) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 17,981,430 shares of the real estate investment trust’s stock, valued at approximately $1,192,349,000. BlackRock Inc. owned about 0.11% of BXP at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Keybank National Association OH grew its holdings in BXP by 5.4% in the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 183 shares during the last quarter. State of Wyoming raised its position in BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 193 shares during the last quarter. Minot DeBlois Advisors LLC boosted its holdings in BXP by 2.5% in the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 196 shares during the last quarter. Rexford Capital Inc. raised its stake in BXP by 11.9% in the 4th quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 200 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of BXP by 3.8% in the fourth quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 217 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Price Performance

BXP stock opened at $67.50 on Friday. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The stock’s fifty day simple moving average is $67.88 and its 200-day simple moving average is $61.44. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating 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 period in the previous year, the company posted $1.71 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Equities research analysts expect that BXP, Inc. will post 7.03 EPS for the current 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is currently 150.54%.

Analysts Set New Price Targets

BXP has been the subject of several analyst reports. Mizuho upped their target price on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Scotiabank raised their price target on BXP from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 5th. Barclays increased their target price on shares of BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Truist Financial decreased their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.58.

Insider Buying and Selling

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

BXP Company 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.