Wealthfront Advisers LLC Has $3.04 Million Stock Holdings in BXP, Inc. $BXP

Wealthfront Advisers LLC lessened its holdings in BXP, Inc. (NYSE:BXP) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,111 shares of the real estate investment trust’s stock after selling 3,048 shares during the quarter. Wealthfront Advisers LLC’s holdings in BXP were worth $3,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BXP. Pacific Heights Asset Management LLC grew its stake in shares of BXP by 66.7% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $6,719,000 after purchasing an additional 40,000 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in BXP by 10.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,316 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 592 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after buying an additional 17,385 shares in the last quarter. Tredje AP fonden boosted its stake in BXP by 801.4% in the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after buying an additional 95,948 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Down 5.0%

NYSE BXP opened at $70.38 on Thursday. The stock has a fifty day moving average of $73.56 and a 200-day moving average of $69.66. The stock has a market capitalization of $11.15 billion, a P/E ratio of -55.41, a price-to-earnings-growth ratio of 7.75 and a beta of 1.22. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $85.79. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.33% and a negative net margin of 5.82%.The business had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter last year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, equities research analysts forecast that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The firm also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s payout ratio is 9,333.33%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets cut their price objective on BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Scotiabank dropped their target price on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Evercore ISI upped their price objective on shares of BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. Cantor Fitzgerald initiated coverage on shares of BXP in a research note on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price objective on the stock. Finally, Wall Street Zen downgraded BXP from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BXP presently has an average rating of “Hold” and an average price target of $79.26.

BXP Profile

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.