Eric Kevorkian Sells 200 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) SVP Eric Kevorkian sold 200 shares of BXP stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $60.23, for a total value of $12,046.00. Following the transaction, the senior vice president directly owned 2,311 shares in the company, valued at approximately $139,191.53. The trade was a 7.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BXP Stock Up 0.2%

Shares of NYSE:BXP opened at $60.74 on Thursday. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.62 and a beta of 1.04. The company has a quick ratio of 4.22, a current ratio of 4.22 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 business’s 50 day moving average is $56.18 and its 200 day moving average is $62.26.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). The company 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 firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, sell-side analysts forecast that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s payout ratio is currently 140.70%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of BXP during the 4th quarter valued at $25,000. Princeton Global Asset Management LLC lifted its position in shares of 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 valued at $27,000 after buying an additional 357 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of BXP during the 2nd quarter valued at $29,000. Avalon Trust Co purchased a new position in shares of BXP during the 3rd quarter valued at $36,000. Finally, Clearstead Advisors LLC lifted its position in shares of BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BXP shares. UBS Group cut their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. The Goldman Sachs Group set a $72.00 price objective on BXP in a research report on Wednesday, February 4th. Piper Sandler cut their price objective on BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Citigroup cut their price objective on BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Finally, Wall Street Zen raised BXP from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.30.

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.