Principal Financial Group Inc. Trims Holdings in BXP, Inc. $BXP

Principal Financial Group Inc. reduced its holdings in shares of BXP, Inc. (NYSE:BXP) by 65.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 234,329 shares of the real estate investment trust’s stock after selling 438,623 shares during the period. Principal Financial Group Inc.’s holdings in BXP were worth $12,162,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BXP. Elyxium Wealth LLC purchased a new stake in shares of BXP in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC lifted its position in BXP by 892.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 357 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of BXP in the 2nd quarter valued at approximately $29,000. Clearstead Advisors LLC increased 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 purchasing an additional 268 shares during the period. Finally, State of Wyoming increased 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 purchasing an additional 193 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH increased their price target on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. BMO Capital Markets restated an “outperform” rating and issued a $68.00 price objective on shares of BXP in a research report on Tuesday, June 2nd. Evercore set a $68.00 price objective on BXP in a report on Monday, July 6th. Wells Fargo & Company increased their target price on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Citigroup reduced their price target on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.11.

BXP Trading Up 1.9%

NYSE:BXP opened at $69.16 on Friday. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock has a fifty day simple moving average of $65.00 and a 200-day simple moving average of $61.06. The company has a market capitalization of $11.03 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01.

BXP (NYSE:BXP) last posted its earnings results 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 business had revenue of $872.15 million for 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 was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities research analysts expect that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. BXP’s payout ratio is currently 140.70%.

Insider Activity at BXP

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction 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 represents a 81.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by corporate insiders.

BXP Company 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.