Sei Investments Co. boosted its position in shares of BXP, Inc. (NYSE:BXP – Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,000,667 shares of the real estate investment trust’s stock after purchasing an additional 35,823 shares during the quarter. Sei Investments Co.’s holdings in BXP were worth $103,835,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of BXP. Elyxium Wealth LLC acquired a new stake in BXP in the fourth quarter worth $25,000. Princeton Global Asset Management LLC grew its holdings in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 357 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of BXP in the 2nd quarter valued at $29,000. Clearstead Advisors LLC increased its position in shares of BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares in the last quarter. Finally, State of Wyoming increased its position in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
BXP Stock Up 0.5%
Shares of BXP stock opened at $67.77 on Friday. The firm has a market cap of $10.81 billion, a PE ratio of 34.05, a P/E/G ratio of 2.91 and a beta of 1.01. The business’s 50 day simple moving average is $64.78 and its 200 day simple moving average is $61.00. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33.
BXP Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s payout ratio is currently 140.70%.
Analyst Upgrades and Downgrades
Several analysts recently commented on BXP shares. Weiss Ratings raised BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Piper Sandler boosted their target price on BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen downgraded BXP from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Mizuho raised their price target on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, LADENBURG THALM/SH SH raised their price target on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.11.
View Our Latest Research Report on BXP
Insider Buying and Selling
In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction 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 completion of the sale, the senior vice president owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by insiders.
BXP 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.
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