PNC Financial Services Group Inc. Sells 12,962 Shares of BXP, Inc. $BXP

PNC Financial Services Group Inc. lessened its holdings in shares of BXP, Inc. (NYSE:BXP) by 23.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,721 shares of the real estate investment trust’s stock after selling 12,962 shares during the period. PNC Financial Services Group Inc.’s holdings in BXP were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of BXP in the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its holdings in shares of BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 357 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in BXP in the second quarter worth $29,000. Clearstead Advisors LLC lifted its stake in BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 268 shares during the period. Finally, State of Wyoming boosted its holdings in BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the topic of a number of research analyst reports. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their target price on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Truist Financial cut their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Scotiabank boosted their price target on shares of BXP from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price target on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.11.

BXP Price Performance

BXP opened at $72.91 on Thursday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 3.02 and a beta of 1.01. The stock has a fifty day simple moving average of $65.67 and a two-hundred day simple moving average of $61.09. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.89%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Research analysts predict that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 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 currently 140.70%.

Insider Activity

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,176 shares of company stock worth $2,151,552. Insiders own 1.50% of the company’s stock.

More BXP News

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Q2 results beat expectations: BXP reported revenue of $895.7 million, up 3.1% year over year and above the $858.1 million consensus estimate. Reported EPS was $0.43, ahead of the $0.40 estimate, while funds from operations (FFO) reached $1.78 per share versus the $1.71 consensus. BXP Announces Second Quarter 2026 Results
• Positive Sentiment: Leasing and occupancy improved: Second-quarter leasing totaled approximately 1.76 million square feet. In-service occupancy rose about 100 basis points to 88.4%, while the leased rate reached 91.3%, supporting expectations for stronger portfolio net operating income. BXP Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: 2026 outlook was raised: Management set full-year 2026 FFO guidance at $6.99-$7.05 per share, above the prior consensus of approximately $6.95. The outlook reflects stronger portfolio NOI, faster lease commencements, lower expenses, and higher fee income. Third-quarter guidance of $1.80-$1.82 was broadly in line with expectations.
• Positive Sentiment: Financing supports development liquidity: BXP secured a $1.2 billion construction loan for 343 Madison Avenue, providing funding for a major project and signaling continued access to capital. BXP Secures $1.2 Billion Construction Loan
• Neutral Sentiment: Institutional positioning was mixed: Some investors, including First Eagle and Cohen & Steers, added substantially to their holdings, while Boston Partners, Allspring, BlackRock, and Voya reduced positions.
• Negative Sentiment: Leverage remains a longer-term risk: Analysts cited net debt-to-EBITDA of roughly 7.9x and refinancing headwinds, which could limit upside if interest rates remain elevated. BXP Solid Q2, But Long-Term Debt Concerns Limit Upside
• Negative Sentiment: Insider activity was unfavorable: Executives made eight open-market sales and no purchases during the past six months, a potential signal of limited insider conviction, although such transactions may also reflect routine diversification or compensation-related activity.

BXP 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.