Davis Selected Advisers Acquires 6,190 Shares of BXP, Inc. $BXP

Davis Selected Advisers increased its holdings in shares of BXP, Inc. (NYSE:BXP) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,630 shares of the real estate investment trust’s stock after acquiring an additional 6,190 shares during the quarter. Davis Selected Advisers’ holdings in BXP were worth $14,144,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. REAP Financial Group LLC grew its position in shares of BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of BXP in the second quarter valued at approximately $43,000. Assetmark Inc. boosted its stake in shares of BXP by 143.7% in the second quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 723 shares during the period. CX Institutional grew its position in BXP by 24.6% during the second quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 301 shares in the last quarter. Finally, Hilltop National Bank bought a new position in BXP during the 2nd quarter worth $111,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the sale, the chief financial officer owned 9,223 shares in the company, valued at $667,191.82. This represents a 59.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.

BXP Stock Performance

BXP stock opened at $70.73 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a market cap of $11.20 billion, a PE ratio of -55.69, a P/E/G ratio of 7.35 and a beta of 1.20. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $84.75. The business’s 50-day moving average price is $73.48 and its two-hundred day moving average price is $70.15.

BXP (NYSE:BXP) last posted 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. The company had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, analysts expect that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio is -220.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BXP. Evercore ISI upped their target price on BXP from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. New Street Research set a $85.00 price target on BXP in a research note on Monday, October 13th. LADENBURG THALM/SH SH began coverage on shares of BXP in a research note on Monday, October 13th. They set a “buy” rating and a $85.00 price objective on the stock. Cantor Fitzgerald initiated coverage on shares of BXP in a report on Wednesday, October 1st. They issued an “overweight” rating and a $90.00 target price on the stock. Finally, Compass Point cut shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, BXP currently has an average rating of “Hold” and a consensus target price of $79.47.

BXP Company 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.