Lasalle Investment Management Securities LLC Sells 23,495 Shares of BXP, Inc. $BXP

Lasalle Investment Management Securities LLC decreased its stake in BXP, Inc. (NYSE:BXP) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,440 shares of the real estate investment trust’s stock after selling 23,495 shares during the period. Lasalle Investment Management Securities LLC’s holdings in BXP were worth $16,562,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BXP by 2.5% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 6,476 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 160 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC grew its holdings in shares of BXP by 4.6% in the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 162 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of BXP by 4.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 171 shares in the last quarter. Signaturefd LLC grew its holdings in shares of BXP by 2.5% in the 4th quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 179 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of BXP by 5.4% in the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,063 shares of company stock valued at $418,955. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BXP. Piper Sandler decreased their price objective on BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. UBS Group decreased their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Evercore set a $62.00 price target on BXP in a report on Wednesday, April 29th. Mizuho cut BXP from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group set a $72.00 price target on BXP in a report on Wednesday, February 4th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $71.30.

BXP Trading Up 0.1%

BXP stock opened at $60.09 on Monday. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $9.58 billion, a P/E ratio of 30.19, a PEG ratio of 2.59 and a beta of 1.04. The stock has a 50-day simple moving average of $56.47 and a 200 day simple moving average of $62.10.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The business 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 business posted $1.64 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Analysts expect that BXP, Inc. will post 6.95 earnings per share for the current year.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP’s payout ratio is currently 140.70%.

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.