Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in BXP, Inc. $BXP

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of BXP, Inc. (NYSE:BXP) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,977 shares of the real estate investment trust’s stock after purchasing an additional 25,769 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of BXP worth $27,054,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC lifted its holdings in BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 311 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of BXP during the 2nd quarter worth approximately $43,000. Assetmark Inc. raised its position in shares of BXP by 143.7% in the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 723 shares in the last quarter. CX Institutional raised its position in shares of BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 301 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of BXP in the 2nd quarter valued at approximately $111,000. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer owned 9,223 shares in the company, valued at $667,191.82. The trade was a 59.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BXP has been the topic of several recent research reports. Scotiabank reduced their price target on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Truist Financial upped their target price on shares of BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, September 10th. Piper Sandler lifted their price target on shares of BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Weiss Ratings cut shares of BXP from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, UBS Group raised their target price 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. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.26.

BXP Stock Up 1.3%

NYSE:BXP opened at $72.55 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The firm has a market cap of $11.49 billion, a P/E ratio of -57.13, a P/E/G ratio of 7.35 and a beta of 1.20. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $84.75. The firm has a 50-day simple moving average of $73.61 and a two-hundred day simple moving average of $70.13.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. The firm had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Analysts predict that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.9%. BXP’s dividend payout ratio (DPR) is presently -220.47%.

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.