Sage Mountain Advisors LLC Increases Stock Position in BXP, Inc. $BXP

Sage Mountain Advisors LLC lifted its stake in BXP, Inc. (NYSE:BXP) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,319 shares of the real estate investment trust’s stock after purchasing an additional 322 shares during the quarter. Sage Mountain Advisors LLC’s holdings in BXP were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Truist Financial Corp raised its position in shares of BXP by 1.2% in 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. Venture Visionary Partners LLC raised its position in shares of BXP by 3.1% in the 2nd quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 230 shares during the last quarter. Naviter Wealth LLC raised its position in shares of BXP by 3.4% in the 2nd quarter. Naviter Wealth LLC now owns 7,003 shares of the real estate investment trust’s stock worth $479,000 after purchasing an additional 232 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of BXP by 8.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 295 shares during the last quarter. Finally, CX Institutional raised its position in shares of BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets lowered their price target on BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. Wells Fargo & Company reduced their price objective on BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. New Street Research set a $85.00 price objective on BXP in a report on Monday, October 13th. Citigroup lifted their price objective on BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Evercore ISI lifted their price objective on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.26.

BXP Trading Up 0.6%

BXP stock opened at $74.19 on Monday. The business has a 50-day simple moving average of $73.15 and a two-hundred day simple moving average of $69.40. The company has a market cap of $11.75 billion, a P/E ratio of 2,473.69, a P/E/G ratio of 7.76 and a beta of 1.22. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $88.72. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Analysts predict that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. BXP’s payout ratio is 9,333.33%.

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.