BXP (NYSE:BXP) SVP Sells $119,700.00 in Stock

BXP, Inc. (NYSE:BXP) SVP Eric Kevorkian sold 2,000 shares of BXP stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the transaction, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BXP Price Performance

BXP stock opened at $60.65 on Friday. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The firm has a market capitalization of $9.67 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The firm has a 50 day moving average of $56.33 and a 200-day moving average of $62.18.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, sell-side analysts predict that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, March 31st. BXP’s payout ratio is presently 140.70%.

Analysts Set New Price Targets

BXP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $61.00 target price on shares of BXP in a research note on Wednesday, May 13th. Scotiabank cut their target price on shares of BXP from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. UBS Group cut their price target on shares of BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Truist Financial reduced their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Barclays decreased their price target on shares of BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, BXP currently has a consensus rating of “Hold” and an average price target of $71.30.

Institutional Investors Weigh In On BXP

Several hedge funds have recently bought and sold shares of BXP. Norges Bank purchased a new position in shares of BXP during the 4th quarter valued at approximately $689,419,000. Cohen & Steers Inc. raised its holdings in BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in BXP by 32,286.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after buying an additional 1,883,282 shares during the period. Invesco Ltd. raised its holdings in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after buying an additional 1,207,607 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after buying an additional 1,053,938 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About BXP

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.