BXP (NYSE:BXP) EVP Raymond Ritchey Sells 36,314 Shares of Stock

BXP, Inc. (NYSE:BXP) EVP Raymond Ritchey sold 36,314 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BXP Trading Down 0.3%

NYSE:BXP opened at $71.74 on Wednesday. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $83.29. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $72.06 and a 200-day simple moving average of $70.73. The company has a market capitalization of $11.37 billion, a PE ratio of -56.49, a price-to-earnings-growth ratio of 6.73 and a beta of 0.99.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, equities research analysts expect that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. BXP’s dividend payout ratio (DPR) is -220.47%.

Institutional Investors Weigh In On BXP

A number of institutional investors have recently bought and sold shares of BXP. Vanguard Group Inc. raised its stake in BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares during the period. State Street Corp increased its holdings in shares of BXP by 1.7% during the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after buying an additional 186,269 shares during the last quarter. Norges Bank purchased a new position in shares of BXP in the 2nd quarter worth $686,886,000. APG Asset Management US Inc. raised its position in shares of BXP by 3.2% in the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after buying an additional 232,591 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after acquiring an additional 68,481 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial upped their target price on BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research note on Wednesday, September 10th. Scotiabank upped their price objective on BXP from $77.00 to $81.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Compass Point cut BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Wednesday, September 10th. LADENBURG THALM/SH SH assumed coverage on shares of BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 target price for the company. Finally, Barclays decreased their price target on shares of BXP from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, BXP presently has a consensus rating of “Hold” and a consensus price target of $79.21.

BXP Company 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.