Boothe Investment Group Inc. Raises Stock Holdings in BXP, Inc. $BXP

Boothe Investment Group Inc. boosted its stake in BXP, Inc. (NYSE:BXP) by 1.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,152 shares of the real estate investment trust’s stock after acquiring an additional 312 shares during the period. BXP comprises approximately 0.6% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 29th largest position. Boothe Investment Group Inc.’s holdings in BXP were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after acquiring an additional 17,385 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in BXP by 1.7% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 807,422 shares of the real estate investment trust’s stock valued at $54,477,000 after acquiring an additional 13,247 shares in the last quarter. Asset Management One Co. Ltd. grew its position in BXP by 1.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 291,875 shares of the real estate investment trust’s stock valued at $19,693,000 after acquiring an additional 4,431 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in BXP by 3.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 224,969 shares of the real estate investment trust’s stock valued at $15,179,000 after acquiring an additional 7,955 shares in the last quarter. Finally, Nuveen LLC acquired a new position in BXP in the 1st quarter valued at about $14,737,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Trading Up 0.6%

NYSE:BXP opened at $74.19 on Friday. The stock has a fifty day moving average price of $73.15 and a two-hundred day moving average price of $69.26. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 2,473.69, a PEG ratio of 7.72 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $88.72.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm had revenue of $868.46 million during the quarter, compared to analysts’ expectations of $845.09 million. During the same quarter in the prior year, the business posted $1.77 earnings per share. BXP’s revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, sell-side analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. BXP’s dividend payout ratio (DPR) is presently 9,333.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on BXP. Wells Fargo & Company lowered their price objective on BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price objective for the company in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of BXP in a research report on Friday. Citigroup boosted their price objective on BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, UBS Group boosted their price objective on BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BXP has an average rating of “Hold” and an average price target of $79.26.

About BXP

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.