Voya Investment Management LLC Lowers Stock Holdings in BXP, Inc. $BXP

Voya Investment Management LLC lowered its holdings in shares of BXP, Inc. (NYSE:BXP) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,461,370 shares of the real estate investment trust’s stock after selling 87,714 shares during the quarter. Voya Investment Management LLC owned approximately 0.92% of BXP worth $98,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Nuveen LLC purchased a new position in BXP during the first quarter worth approximately $14,737,000. NewSquare Capital LLC boosted its position in BXP by 98.3% during the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock worth $7,281,000 after purchasing an additional 53,727 shares in the last quarter. Tredje AP fonden lifted its position in shares of BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after acquiring an additional 95,948 shares in the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of BXP by 66.7% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $6,719,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Altrius Capital Management Inc lifted its position in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust’s stock valued at $4,491,000 after acquiring an additional 2,375 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Stock Performance

Shares of BXP stock opened at $77.34 on Friday. BXP, Inc. has a one year low of $54.22 and a one year high of $90.11. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 2,578.89, a PEG ratio of 4.21 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The business’s 50 day moving average price is $69.41 and its 200 day moving average price is $67.76.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. During the same quarter last year, the business posted $1.77 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, research analysts predict that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. BXP’s payout ratio is currently 13,066.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BXP shares. Citigroup raised their target price on BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday. Scotiabank decreased their target price on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded BXP from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group raised their target price on BXP from $67.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Evercore ISI downgraded BXP from an “outperform” rating to an “in-line” rating and set a $76.00 target price on the stock. in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BXP presently has a consensus rating of “Hold” and a consensus price target of $77.06.

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.