Michael Labelle Sells 13,422 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 13,422 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer owned 9,223 shares in the company, valued at approximately $667,191.82. This trade represents a 59.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BXP Stock Up 1.3%

Shares of BXP opened at $72.55 on Wednesday. The stock has a 50 day moving average price of $73.61 and a 200 day moving average price of $70.13. BXP, Inc. has a one year low of $54.22 and a one year high of $84.75. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of -57.13, a PEG ratio of 7.35 and a beta of 1.20.

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

BXP Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. BXP’s payout ratio is presently -220.47%.

Analysts Set New Price Targets

BXP has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of BXP from $79.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group set a $77.00 price target on BXP and gave the company a “neutral” rating in a report on Friday, October 17th. LADENBURG THALM/SH SH initiated coverage on BXP in a research report on Monday, October 13th. They set a “buy” rating and a $85.00 price objective on the stock. BMO Capital Markets dropped their target price on BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Finally, Piper Sandler lifted their price target on BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.26.

Hedge Funds Weigh In On BXP

Several large investors have recently modified their holdings of BXP. Truist Financial Corp increased its position in shares of BXP by 1.2% during the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust’s stock worth $809,000 after purchasing an additional 145 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in BXP by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 159 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of BXP by 2.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 6,476 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 160 shares during the last quarter. CVA Family Office LLC raised its stake in shares of BXP by 12.4% in the 2nd quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 226 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its holdings in shares of BXP by 3.8% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,147 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About BXP

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.