Rakuten Investment Management Inc. Invests $970,000 in BXP, Inc. $BXP

Rakuten Investment Management Inc. acquired a new stake in BXP, Inc. (NYSE:BXP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,048 shares of the real estate investment trust’s stock, valued at approximately $970,000.

Other large investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new stake in shares of BXP during the second quarter valued at about $25,000. Muzinich & Co. Inc. purchased a new position in shares of BXP during the 3rd quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new stake in BXP in the 2nd quarter valued at approximately $29,000. REAP Financial Group LLC raised its position 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 valued at $32,000 after purchasing an additional 311 shares during the period. Finally, Quent Capital LLC purchased a new stake in BXP in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Up 0.1%

Shares of NYSE:BXP opened at $65.46 on Friday. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The firm’s 50 day moving average price is $69.02 and its 200 day moving average price is $70.47. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of -51.54, a price-to-earnings-growth ratio of 7.72 and a beta of 1.01.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. During the same period in the prior year, the firm posted $1.81 EPS. The company’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. As a group, equities research analysts predict that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.3%. BXP’s dividend payout ratio (DPR) is currently -220.47%.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. The trade was a 59.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 70,710 shares of company stock valued at $5,107,771 in the last three months. Corporate insiders own 1.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BXP. Wells Fargo & Company dropped their price objective on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Cantor Fitzgerald set a $79.00 target price on BXP in a research report on Monday, January 5th. JPMorgan Chase & Co. cut their price target on shares of BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. The Goldman Sachs Group set a $77.00 price objective on shares of BXP and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, New Street Research set a $85.00 price objective on shares of BXP in a report on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, BXP currently has an average rating of “Hold” and a consensus target price of $77.90.

BXP Company 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.