GSI Capital Advisors LLC Purchases 10,075 Shares of BXP, Inc. $BXP

GSI Capital Advisors LLC raised its position in BXP, Inc. (NYSE:BXP) by 24.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 51,641 shares of the real estate investment trust’s stock after acquiring an additional 10,075 shares during the period. BXP makes up about 2.2% of GSI Capital Advisors LLC’s holdings, making the stock its 20th largest position. GSI Capital Advisors LLC’s holdings in BXP were worth $3,839,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in BXP during the second quarter worth $25,000. Muzinich & Co. Inc. bought a new stake in shares of BXP during the third quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in shares of BXP during the second quarter worth about $29,000. Avalon Trust Co acquired a new stake in shares of BXP in the 3rd quarter worth about $36,000. Finally, Rothschild Investment LLC increased its holdings in BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 255 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Price Performance

BXP opened at $57.69 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $79.33. The stock’s 50 day moving average price is $64.97 and its 200-day moving average price is $69.43. The stock has a market capitalization of $9.14 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.9%. BXP’s payout ratio is currently 160.92%.

Insider Activity at BXP

In related news, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hilary J. Spann sold 1,194 shares of BXP stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $63.31, for a total transaction of $75,592.14. Following the transaction, the executive vice president directly owned 17,832 shares of the company’s stock, valued at approximately $1,128,943.92. This trade represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,706 shares of company stock worth $2,770,078 over the last ninety days. 1.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $72.00 price objective on BXP in a research note on Wednesday, February 4th. Citigroup reduced their target price on BXP from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research note on Thursday, December 4th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research note on Thursday, December 4th. Finally, Truist Financial lowered their price target on BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.45.

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.