Mirae Asset Global Investments Co. Ltd. Purchases 41,524 Shares of BXP, Inc. $BXP

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BXP, Inc. (NYSE:BXP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,524 shares of the real estate investment trust’s stock, valued at approximately $2,538,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC boosted its holdings in BXP by 10.0% in the third quarter. ProShare Advisors LLC now owns 31,200 shares of the real estate investment trust’s stock worth $1,907,000 after purchasing an additional 2,831 shares in the last quarter. Vise Technologies Inc. bought a new position in BXP during the third quarter valued at about $211,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in BXP by 5.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 107,560 shares of the real estate investment trust’s stock valued at $6,573,000 after buying an additional 5,400 shares in the last quarter. Choreo LLC lifted its position in shares of BXP by 1.2% in the third quarter. Choreo LLC now owns 18,334 shares of the real estate investment trust’s stock worth $1,120,000 after buying an additional 217 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of BXP by 10.4% in the third quarter. Asset Management One Co. Ltd. now owns 232,018 shares of the real estate investment trust’s stock worth $14,179,000 after buying an additional 21,793 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup increased their price objective on BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of BXP in a report on Friday, October 2nd. Evercore set a $67.00 target price on BXP in a report on Monday, September 21st. Barclays upped their target price on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price target on BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.56.

BXP Stock Down 0.1%

BXP stock opened at $65.15 on Friday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.19 and a beta of 1.03. The company has a debt-to-equity ratio of 2.17, a current ratio of 4.93 and a quick ratio of 3.91. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $74.94. The firm has a fifty day moving average price of $62.66 and a two-hundred day moving average price of $62.07.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.21. The company had revenue of $911.43 million for the quarter, compared to the consensus estimate of $892.51 million. BXP had a return on equity of 6.89% and a net margin of 14.99%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.74 earnings per share. As a group, analysts forecast that BXP, Inc. will post 7.07 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.80 annualized dividend and a yield of 4.3%. BXP’s dividend payout ratio is presently 83.83%.

About BXP

BXP, Inc is a real estate investment trust that owns, develops and manages commercial real estate, with a focus on office properties and workplaces. Its portfolio also includes complementary mixed-use properties and related amenities.

The company operates in major U.S. markets, including Boston, New York, Washington, DC, San Francisco and Los Angeles. Its business includes leasing space to companies and overseeing the development and management of its properties.

Founded in 1970 as Boston Properties, the company adopted the BXP name in 2023.