Gilman Hill Asset Management LLC Grows Holdings in BXP, Inc. $BXP

Gilman Hill Asset Management LLC grew its stake in BXP, Inc. (NYSE:BXP) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,684 shares of the real estate investment trust’s stock after buying an additional 1,545 shares during the period. Gilman Hill Asset Management LLC’s holdings in BXP were worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Czech National Bank boosted its stake in shares of BXP by 6.5% in the 2nd quarter. Czech National Bank now owns 35,604 shares of the real estate investment trust’s stock valued at $2,402,000 after purchasing an additional 2,181 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after purchasing an additional 17,385 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of BXP by 632.6% in the 1st quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust’s stock valued at $1,520,000 after purchasing an additional 19,528 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of BXP by 9.7% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,625 shares of the real estate investment trust’s stock valued at $2,461,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of BXP by 124.6% in the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,069 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BXP shares. UBS Group upped their price objective on shares of BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Compass Point cut shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Wednesday, September 10th. Citigroup upped their price objective on shares of BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Evercore ISI cut shares of BXP from an “outperform” rating to an “in-line” rating and set a $76.00 price target for the company. in a research report on Tuesday, September 9th. Finally, Wells Fargo & Company dropped their price target on shares of BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BXP currently has an average rating of “Hold” and an average price target of $77.06.

BXP Stock Up 1.5%

Shares of BXP stock opened at $78.95 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The company has a 50-day moving average of $69.83 and a 200 day moving average of $67.86. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 2,632.54, a PEG ratio of 4.30 and a beta of 1.22. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $90.11.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. BXP’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, sell-side analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s dividend payout ratio is 13,066.67%.

About BXP

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.