Hsbc Holdings PLC Grows Stock Holdings in BXP, Inc. $BXP

Hsbc Holdings PLC lifted its position in shares of BXP, Inc. (NYSE:BXP) by 30.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 519,860 shares of the real estate investment trust’s stock after purchasing an additional 121,348 shares during the period. Hsbc Holdings PLC owned 0.33% of BXP worth $35,059,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in BXP by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after buying an additional 1,016,579 shares during the period. Franklin Resources Inc. boosted its holdings in BXP by 354.0% in the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after acquiring an additional 678,529 shares in the last quarter. Boston Partners increased its position in BXP by 15.5% during the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after purchasing an additional 403,090 shares during the period. Prudential Financial Inc. raised its holdings in BXP by 158.3% in the 2nd quarter. Prudential Financial Inc. now owns 365,460 shares of the real estate investment trust’s stock worth $24,658,000 after purchasing an additional 223,960 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of BXP in the 1st quarter worth about $14,737,000. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at BXP

In other BXP news, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total transaction of $1,215,198.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter V. Otteni sold 4,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total transaction of $300,480.40. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 34,396 shares of company stock worth $2,486,626. 1.49% of the stock is owned by corporate insiders.

BXP Stock Performance

Shares of BXP opened at $72.04 on Tuesday. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a market cap of $11.42 billion, a P/E ratio of -56.72, a P/E/G ratio of 7.35 and a beta of 1.20. The business’s 50 day moving average price is $72.15 and its 200-day moving average price is $70.70. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $83.29.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The business had revenue of $871.51 million during the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities research 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 was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. BXP’s dividend payout ratio is -220.47%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BXP shares. Evercore ISI reduced their price target on shares of BXP from $77.00 to $76.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. UBS Group lifted their price objective on BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Wall Street Zen lowered BXP from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Compass Point cut BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Wednesday, September 10th. Finally, BMO Capital Markets reduced their price target on BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.21.

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.