BXP, Inc. $BXP Holdings Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of BXP, Inc. (NYSE:BXP) by 4.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 630,535 shares of the real estate investment trust’s stock after selling 28,740 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BXP were worth $32,725,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stonehaven Wealth & Tax Solutions LLC boosted its position in shares of BXP by 4.6% in the fourth quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 162 shares during the period. Sage Mountain Advisors LLC grew its holdings in shares of BXP by 4.8% during 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 buying an additional 171 shares in the last quarter. Signaturefd LLC raised its position in BXP by 2.5% during the fourth quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 179 shares during the period. Keybank National Association OH raised its position in BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 183 shares during the period. Finally, State of Wyoming lifted its stake in BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $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.

BXP Stock Performance

BXP opened at $67.05 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market cap of $10.69 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.89 and a beta of 1.01. The stock has a 50-day moving average of $63.27 and a 200-day moving average of $61.00. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $843.11 million. During the same period in the previous year, the business posted $1.64 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities research analysts forecast that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.70 dividend. 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 4.2%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Analyst Ratings Changes

A number of brokerages have commented on BXP. Scotiabank upgraded BXP from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $65.00 to $70.00 in a research report on Thursday, June 18th. Barclays reduced their price target on shares of BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft set a $61.00 price target on shares of BXP in a report on Wednesday, May 13th. Evercore set a $68.00 price target on shares of BXP in a research note on Monday, July 6th. Finally, UBS Group reduced their price target on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.95.

Insider Transactions at BXP

In other news, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by insiders.

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.