BXP (NYSE:BXP) CFO Sells $970,947.48 in Stock

BXP, Inc. (NYSE:BXP) CFO Michael Labelle sold 13,422 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer directly owned 9,223 shares in the company, valued at approximately $667,191.82. This represents a 59.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BXP Stock Performance

Shares of BXP stock traded down $0.65 on Monday, reaching $71.71. 1,306,816 shares of the company traded hands, compared to its average volume of 1,651,875. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $84.75. The company has a 50 day moving average of $73.63 and a 200 day moving average of $70.04. The firm has a market capitalization of $11.36 billion, a PE ratio of -56.46, a PEG ratio of 7.35 and a beta of 1.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick 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 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter in the previous year, the firm posted $1.81 EPS. BXP’s revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 3.9%. BXP’s dividend payout ratio is -220.47%.

Hedge Funds Weigh In On BXP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its holdings in shares of BXP by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust’s stock worth $754,000 after acquiring an additional 441 shares during the period. Tredje AP fonden boosted its position in shares of BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after purchasing an additional 95,948 shares in the last quarter. Nuveen LLC purchased a new stake in BXP in the first quarter worth $14,737,000. Brooklyn Investment Group raised its holdings in BXP by 124.6% in the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in BXP by 9.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,625 shares of the real estate investment trust’s stock valued at $2,461,000 after buying an additional 3,224 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the subject of several recent analyst reports. Wells Fargo & Company cut 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. Scotiabank reduced their target price on shares of BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of BXP in a research note on Wednesday, October 8th. Mizuho lowered their price objective on BXP from $86.00 to $82.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Finally, UBS Group raised their target price on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.26.

BXP Company 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.