Ethic Inc. Buys 11,205 Shares of BXP, Inc. $BXP

Ethic Inc. grew its stake in shares of BXP, Inc. (NYSE:BXP) by 44.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,689 shares of the real estate investment trust’s stock after buying an additional 11,205 shares during the quarter. Ethic Inc.’s holdings in BXP were worth $2,242,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Silvant Capital Management LLC bought a new stake in BXP during the 2nd quarter worth $41,000. Eastern Bank grew its holdings in shares of BXP by 108.7% during the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of BXP during the third quarter worth about $48,000. Trust Co. of Vermont bought a new stake in shares of BXP during the second quarter worth about $51,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of BXP in the third quarter valued at approximately $61,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BXP has been the topic of several recent research reports. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Piper Sandler upped their price target on shares of BXP from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their price target on shares of BXP from $79.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. BMO Capital Markets reiterated an “outperform” rating and set a $70.00 price target on shares of BXP in a report on Sunday, October 11th. Finally, Scotiabank reduced their price objective on shares of BXP from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.56.

BXP Price Performance

Shares of NYSE BXP opened at $63.43 on Thursday. The company has a market capitalization of $10.13 billion, a PE ratio of 9.05, a P/E/G ratio of 2.14 and a beta of 1.03. The company has a quick ratio of 3.91, a current ratio of 4.93 and a debt-to-equity ratio of 2.17. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $74.94. The firm has a fifty day simple moving average of $62.43 and a 200 day simple moving average of $62.06.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.21. The firm had revenue of $911.43 million for the quarter, compared to analysts’ expectations of $892.51 million. BXP had a return on equity of 6.89% and a net margin of 14.99%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 EPS. On average, sell-side analysts forecast that BXP, Inc. will post 7.07 EPS for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.4%. BXP’s payout ratio is presently 83.83%.

BXP Profile

BXP, Inc. is a real estate investment trust that owns, develops and manages commercial real estate, with a focus on office properties and workplaces. Its portfolio also includes complementary mixed-use properties and related amenities. The company operates in major U.S. markets, including Boston, New York, Washington, D.C., San Francisco and Los Angeles. Its business includes leasing space to companies and overseeing the development and management of its properties. Founded in 1970 as Boston Properties, the company adopted the BXP name in 2023.