Pacific Heights Asset Management LLC Buys Shares of 300,000 BXP, Inc. $BXP

Pacific Heights Asset Management LLC purchased a new stake in shares of BXP, Inc. (NYSE:BXP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 300,000 shares of the real estate investment trust’s stock, valued at approximately $19,893,000. Pacific Heights Asset Management LLC owned 0.19% of BXP at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in BXP by 29.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 257 shares during the last quarter. First Trust Advisors LP raised its position in BXP by 45.7% in the 2nd quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 12,660 shares during the period. Cresset Asset Management LLC raised its position in BXP by 29.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 2,089 shares during the period. Jump Financial LLC lifted its stake in BXP by 276.0% in the second quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock worth $3,175,000 after purchasing an additional 34,544 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of BXP by 99.3% during the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after buying an additional 56,104 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BXP. Barclays raised their price target on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. 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. Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Evercore set a $68.00 target price on BXP in a research report on Monday, July 6th. Finally, Mizuho boosted their target price on shares of BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.79.

BXP Trading Down 0.4%

BXP opened at $70.03 on Friday. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.63 and a beta of 1.01. 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. The stock has a fifty day moving average price of $68.34 and a 200-day moving average price of $61.63.

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

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is currently 150.54%.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction dated 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. The trade was a 81.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.