First Eagle Investment Management LLC Lowers Stake in BXP, Inc. $BXP

First Eagle Investment Management LLC reduced its holdings in shares of BXP, Inc. (NYSE:BXP) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,410,909 shares of the real estate investment trust’s stock after selling 121,618 shares during the period. First Eagle Investment Management LLC’s holdings in BXP were worth $230,168,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BXP. Invesco Ltd. raised its holdings in BXP by 44.9% in the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in BXP by 76.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock worth $149,576,000 after buying an additional 873,974 shares during the last quarter. Bamco Inc. NY purchased a new position in BXP in the second quarter worth about $38,580,000. Boston Partners raised its holdings in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after buying an additional 529,158 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in BXP by 145.5% in the third quarter. Russell Investments Group Ltd. now owns 663,445 shares of the real estate investment trust’s stock worth $49,475,000 after buying an additional 393,255 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $59.69, for a total transaction of $327,996.55. Following the completion of the transaction, the executive vice president owned 17,832 shares in the company, valued at $1,064,392.08. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $61.22, for a total transaction of $73,341.56. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on BXP. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore set a $62.00 target price on shares of BXP in a report on Wednesday, April 29th. Mizuho cut shares of BXP from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $79.00 to $62.00 in a research note on Tuesday, February 24th. Cantor Fitzgerald restated an “overweight” rating and set a $79.00 target price on shares of BXP in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.05.

BXP Stock Down 0.8%

Shares of BXP stock opened at $58.97 on Tuesday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The stock has a market cap of $9.40 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.57 and a beta of 1.04. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a 50 day simple moving average of $54.86 and a two-hundred day simple moving average of $63.29.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, research analysts expect that BXP, Inc. will post 6.95 earnings per share for the current year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.7%. BXP’s dividend payout ratio is currently 140.70%.

BXP 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.