Wealthfront Advisers LLC Takes Position in BXP, Inc. $BXP

Wealthfront Advisers LLC purchased a new position in shares of BXP, Inc. (NYSE:BXP) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 15,616 shares of the real estate investment trust’s stock, valued at approximately $1,035,000.

Several other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new position in BXP during the 4th quarter worth $25,000. MUFG Securities EMEA plc acquired a new stake in shares of BXP in the 2nd quarter worth $29,000. Clearstead Advisors LLC boosted its holdings in shares of BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 268 shares in the last quarter. State of Wyoming boosted its holdings in shares of BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of BXP by 108.7% during the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 339 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BXP. Truist Financial cut their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Mizuho increased their target price on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Citigroup raised their price target on BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, BXP presently has a consensus rating of “Moderate Buy” and an average price target of $74.58.

Insider Activity at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the business’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 of the company’s stock, valued at $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

BXP Stock Performance

NYSE:BXP opened at $67.50 on Friday. The firm’s fifty day simple moving average is $67.88 and its 200-day simple moving average is $61.44. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market cap of $10.78 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Analysts expect that BXP, Inc. will post 7.03 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is presently 150.54%.

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.