BXP, Inc. (BXP) To Go Ex-Dividend on June 30th

BXP, Inc. (NYSE:BXP) declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th.

BXP has decreased its dividend payment by an average of 0.0%per year over the last three years. BXP has a payout ratio of 147.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BXP to earn $7.17 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 39.1%.

BXP Price Performance

Shares of NYSE:BXP opened at $64.75 on Friday. The business’s 50 day simple moving average is $59.74 and its 200-day simple moving average is $61.40. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.04. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. BXP has a 12 month low of $49.72 and a 12 month high of $79.33.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities analysts forecast that BXP will post 6.95 earnings per share for the current fiscal year.

Insider Transactions at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the transaction, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,176 shares of company stock worth $2,151,552 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BXP. Cohen & Steers Inc. increased its stake in BXP by 41.4% in the fourth 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 purchasing an additional 4,503,738 shares during the last quarter. Norges Bank purchased a new stake in BXP in the 4th quarter valued at about $689,419,000. APG Asset Management US Inc. grew its holdings in BXP by 3.2% in the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock valued at $564,883,000 after buying an additional 232,591 shares during the period. Geode Capital Management LLC increased its stake in shares of BXP by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after acquiring an additional 55,621 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after acquiring an additional 204,258 shares during the last quarter. 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.