First Trust Advisors LP Sells 7,305 Shares of BXP, Inc. $BXP

First Trust Advisors LP lessened its stake in BXP, Inc. (NYSE:BXP) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,311 shares of the real estate investment trust’s stock after selling 7,305 shares during the quarter. First Trust Advisors LP’s holdings in BXP were worth $1,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in shares of BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after acquiring an additional 4,503,738 shares during the period. Norges Bank bought a new stake in BXP in the 4th quarter valued at $689,419,000. Geode Capital Management LLC lifted its holdings in BXP by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Invesco Ltd. lifted its holdings in BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after purchasing an additional 204,258 shares during the last quarter. Finally, Boston Partners boosted its position in BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after purchasing an additional 529,158 shares during the period. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at BXP

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the sale, the senior vice president owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 33,176 shares of company stock worth $2,151,552. Corporate insiders own 1.50% of the company’s stock.

BXP Stock Performance

Shares of BXP stock opened at $69.61 on Monday. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.61 and a beta of 1.01. BXP, Inc. has a twelve month low of $49.72 and a twelve month high of $79.33. The company’s fifty day moving average is $67.04 and its 200 day moving average is $61.24. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same quarter in the prior year, the firm posted $1.71 EPS. The company’s revenue for the quarter 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. Sell-side analysts forecast that BXP, Inc. will post 7.02 EPS for the current year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s dividend payout ratio is presently 150.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald reduced their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Wall Street Zen cut BXP from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted 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. Finally, Evercore set a $68.00 price objective on BXP in a report on Monday, July 6th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, BXP currently has an average rating of “Moderate Buy” and a consensus price target of $74.58.

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.