Hsbc Holdings PLC Buys New Position in BXP, Inc. $BXP

Hsbc Holdings PLC purchased a new position in BXP, Inc. (NYSE:BXP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 765,791 shares of the real estate investment trust’s stock, valued at approximately $50,793,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BXP. Keybank National Association OH lifted its holdings in shares of BXP by 5.4% during the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 183 shares during the last quarter. State of Wyoming increased its stake in 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 during the last quarter. Minot DeBlois Advisors LLC increased its stake in BXP by 2.5% in the fourth quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 196 shares during the last quarter. Rexford Capital Inc. raised its position in BXP by 11.9% during the fourth quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in BXP by 3.8% during the fourth quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BXP. Evercore set a $68.00 price objective on BXP in a report on Monday, July 6th. Cantor Fitzgerald dropped their target price on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Weiss Ratings raised BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Piper Sandler lifted their price target on shares of BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.68.

BXP Stock Down 2.4%

BXP opened at $70.42 on Thursday. The company has a market cap of $11.24 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.69 and a beta of 1.01. The business’s 50-day moving average price is $68.24 and its 200-day moving average price is $61.59. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33.

BXP (NYSE:BXP) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, equities analysts expect that BXP, Inc. will post 7.03 EPS for the current year.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.0%. BXP’s payout ratio is presently 150.54%.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the 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 completion of the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% 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.