Algebris UK Ltd. Acquires New Shares in BXP, Inc. $BXP

Algebris UK Ltd. acquired a new stake in BXP, Inc. (NYSE:BXP) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 216,730 shares of the real estate investment trust’s stock, valued at approximately $14,632,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BXP. Elyxium Wealth LLC bought a new stake in shares of BXP in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC raised its holdings in shares of BXP by 892.5% in 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 bought a new stake in shares of BXP in the second quarter valued at about $29,000. Avalon Trust Co bought a new stake in shares of BXP in the third quarter valued at about $36,000. Finally, BOKF NA raised its holdings in shares of BXP by 2,097.0% in the third quarter. BOKF NA now owns 725 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 692 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Hilary J. Spann sold 5,495 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total transaction of $327,996.55. Following the sale, the executive vice president owned 17,832 shares in the company, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BXP shares. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $79.00 to $62.00 in a report on Tuesday, February 24th. Piper Sandler decreased their price objective on BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Truist Financial decreased their price objective on BXP from $74.00 to $70.00 and set a “hold” rating for the company in a report on Monday, February 2nd. UBS Group decreased their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Evercore set a $62.00 target price on BXP in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, BXP currently has a consensus rating of “Hold” and an average price target of $71.60.

BXP Price Performance

BXP opened at $59.82 on Thursday. The business’s 50-day moving average is $55.39 and its two-hundred day moving average is $62.61. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $9.54 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04.

BXP (NYSE:BXP) last posted 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). BXP had a net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. During the same quarter last year, the firm earned $1.64 EPS. BXP’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Research analysts anticipate that BXP, Inc. will post 6.96 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP’s payout ratio is 140.70%.

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.