BXP, Inc. $BXP Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in BXP, Inc. (NYSE:BXP) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,433 shares of the real estate investment trust’s stock after purchasing an additional 4,744 shares during the period. Cetera Investment Advisers’ holdings in BXP were worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC boosted its stake in BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 311 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of BXP in the 2nd quarter worth $43,000. Assetmark Inc. raised its holdings in shares of BXP by 143.7% during the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 723 shares during the period. CX Institutional boosted its position in shares of BXP by 24.6% during the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 301 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in shares of BXP during the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BXP. Citigroup lifted their target price on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Compass Point lowered shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Wednesday, September 10th. Wells Fargo & Company lowered their price objective on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday. Piper Sandler raised their target price on BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Finally, New Street Research set a $85.00 price target on BXP in a research note on Monday, October 13th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, BXP currently has an average rating of “Hold” and an average price target of $79.26.

Insider Buying and Selling at BXP

In other news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total value of $300,480.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total transaction of $970,947.48. Following the completion of the transaction, the chief financial officer owned 9,223 shares of the company’s stock, valued at $667,191.82. This trade represents a 59.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,396 shares of company stock valued at $2,486,626 in the last three months. 1.49% of the stock is owned by corporate insiders.

BXP Stock Up 0.4%

BXP stock opened at $72.72 on Thursday. The company has a market capitalization of $11.52 billion, a PE ratio of -57.26, a price-to-earnings-growth ratio of 7.35 and a beta of 1.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $84.75. The firm has a 50 day moving average price of $72.41 and a 200 day moving average price of $70.55.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The business had revenue of $871.51 million during the quarter, compared to analyst estimates of $860.88 million. During the same period last year, the business posted $1.81 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts expect that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. BXP’s payout ratio is currently -220.47%.

BXP Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.