Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 313,948 BXP, Inc. $BXP

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of BXP, Inc. (NYSE:BXP) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 313,948 shares of the real estate investment trust’s stock, valued at approximately $20,818,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BXP. Fisher Asset Management LLC increased its holdings in BXP by 30.7% during the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust’s stock worth $22,084,000 after purchasing an additional 76,946 shares in the last quarter. Nan Fung Trinity HK Ltd. boosted its position in shares of BXP by 33.7% during the fourth quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust’s stock worth $8,227,000 after buying an additional 30,700 shares during the period. DJE Kapital AG acquired a new position in shares of BXP during the fourth quarter worth about $2,792,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BXP by 11.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust’s stock worth $13,362,000 after buying an additional 19,999 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of BXP by 2,555.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 212,549 shares of the real estate investment trust’s stock worth $14,343,000 after buying an additional 204,544 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BXP. Piper Sandler lifted their target price on BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised 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. Truist Financial lowered their price objective on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Finally, Mizuho increased their target price on shares of BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.58.

BXP Stock Performance

BXP opened at $67.86 on Friday. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The firm has a market capitalization of $10.83 billion, a PE ratio of 36.48, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91. The business’s 50-day simple moving average is $67.85 and its 200 day simple moving average is $61.40.

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

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s dividend payout ratio is presently 150.54%.

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.