Public Employees Retirement System of Ohio Cuts Stock Holdings in BXP, Inc. $BXP

Public Employees Retirement System of Ohio lowered its holdings in BXP, Inc. (NYSE:BXP) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,741 shares of the real estate investment trust’s stock after selling 24,934 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in BXP were worth $11,872,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BXP. Stonehaven Wealth & Tax Solutions LLC boosted its stake in shares of BXP by 4.6% during the fourth quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 162 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in BXP by 4.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 171 shares in the last quarter. Signaturefd LLC lifted its holdings in BXP by 2.5% during the fourth quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 179 shares during the period. Keybank National Association OH lifted its holdings 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 worth $241,000 after buying an additional 183 shares during the period. Finally, State of Wyoming boosted its position in BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $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

Shares of BXP opened at $69.16 on Monday. The stock has a 50-day moving average of $65.00 and a two-hundred day moving average of $61.01. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33. 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 stock has a market cap of $11.03 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.98 and a beta of 1.01.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, research analysts predict that BXP, Inc. will post 6.96 EPS for the current year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP’s dividend payout ratio is currently 140.70%.

Insider Activity at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction that occurred 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 filing with the SEC, which is available at the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,176 shares of company stock worth $2,151,552 over the last quarter. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Barclays upped their price objective on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Mizuho raised their price objective on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald cut their target price on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Finally, Wells Fargo & Company lifted their target price on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.11.

BXP Company 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.