BXP, Inc. (NYSE:BXP) Declares $0.70 Quarterly Dividend

BXP, Inc. (NYSE:BXP) declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th.

BXP has decreased its dividend payment by an average of 0.0%per year over the last three years. BXP has a payout ratio of 147.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect BXP to earn $7.17 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 39.1%.

BXP Trading Down 4.1%

Shares of NYSE BXP opened at $63.02 on Thursday. BXP has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a 50-day moving average of $59.48 and a two-hundred day moving average of $61.46. The company has a market cap of $10.05 billion, a PE ratio of 31.67, a P/E/G ratio of 2.84 and a beta of 1.04. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 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 the consensus estimate of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. BXP’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities analysts expect that BXP will post 6.95 earnings per share for the current fiscal year.

Insider Activity at BXP

In other news, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BXP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stonehaven Wealth & Tax Solutions LLC boosted its position in BXP by 4.6% during the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 162 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of BXP by 4.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 171 shares during the last quarter. Signaturefd LLC raised its holdings in shares of BXP by 2.5% in the fourth quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 179 shares during the last quarter. Keybank National Association OH lifted its position in shares of BXP by 5.4% in the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 183 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About BXP

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.