Meeder Asset Management Inc. Takes $115,000 Position in BXP, Inc. $BXP

Meeder Asset Management Inc. purchased a new stake in BXP, Inc. (NYSE:BXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,876 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in BXP during the 2nd quarter worth $1,192,349,000. Cohen & Steers Inc. lifted its holdings in shares of BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after buying an additional 4,503,738 shares during the period. Norges Bank purchased a new stake in shares of BXP in the 4th quarter worth $689,419,000. Geode Capital Management LLC grew its position in shares of BXP by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after buying an additional 55,621 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after buying an additional 204,258 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the sale, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by company insiders.

BXP Stock Up 1.4%

Shares of BXP stock opened at $67.15 on Thursday. The firm’s 50 day moving average price is $67.82 and its 200-day moving average price is $61.38. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The company has a market cap of $10.72 billion, a P/E ratio of 36.10, a PEG ratio of 2.47 and a beta of 1.01.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. During the same quarter in the previous year, the business posted $1.71 EPS. BXP’s revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, sell-side analysts predict that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, June 30th. BXP’s dividend payout ratio is currently 150.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group set a $76.00 price objective on shares of BXP in a research note on Wednesday, August 5th. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Citigroup boosted their price target on shares of BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Truist Financial lowered their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, BXP has a consensus rating of “Moderate Buy” and an average target price of $74.58.

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.