Analyst IMS Investment Management Services Ltd. Has $22.91 Million Holdings in BXP, Inc. $BXP

Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of BXP, Inc. (NYSE:BXP) by 49.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,596 shares of the real estate investment trust’s stock after buying an additional 112,760 shares during the quarter. BXP comprises approximately 0.8% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 15th biggest holding. Analyst IMS Investment Management Services Ltd. owned about 0.21% of BXP worth $22,913,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BXP. Nuveen LLC acquired a new stake in shares of BXP during the 1st quarter worth approximately $14,737,000. Tredje AP fonden grew its position in shares of BXP by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock worth $7,251,000 after buying an additional 95,948 shares during the period. Envestnet Asset Management Inc. grew its position in shares of BXP by 9.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 471,763 shares of the real estate investment trust’s stock worth $31,830,000 after buying an additional 41,284 shares during the period. Pacific Heights Asset Management LLC grew its position in shares of BXP by 66.7% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $6,719,000 after buying an additional 40,000 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of BXP during the 2nd quarter worth approximately $2,290,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Performance

Shares of BXP opened at $74.08 on Wednesday. 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 twelve month low of $54.22 and a twelve month high of $88.10. The firm’s 50 day moving average price is $73.48 and its two-hundred day moving average price is $69.60. The firm has a market cap of $11.73 billion, a P/E ratio of 2,470.06, a PEG ratio of 7.80 and a beta of 1.22.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm had revenue of $871.51 million for the quarter, compared to analyst estimates of $860.88 million. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, analysts forecast that BXP, Inc. will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BXP shares. Piper Sandler lifted their price target on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Evercore ISI lifted their price objective on shares of BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. UBS Group lifted their price objective on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Truist Financial lifted their price objective on shares of BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research note on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of BXP from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $79.26.

BXP Profile

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.