Bank of Nova Scotia Sells 13,081 Shares of BXP, Inc. $BXP

Bank of Nova Scotia trimmed its holdings in shares of BXP, Inc. (NYSE:BXP) by 75.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,337 shares of the real estate investment trust’s stock after selling 13,081 shares during the period. Bank of Nova Scotia’s holdings in BXP were worth $225,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cohen & Steers Inc. raised its position in shares of BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after acquiring an additional 4,503,738 shares during the last quarter. Norges Bank acquired a new position in shares of BXP in the 4th quarter valued at $689,419,000. Geode Capital Management LLC boosted its position in shares of BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Invesco Ltd. boosted its position in shares of BXP by 5.2% in the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after purchasing an additional 204,258 shares during the last quarter. Finally, Boston Partners grew its stake in shares of BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after purchasing an additional 529,158 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BXP

In other BXP news, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares in the company, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by company insiders.

BXP Stock Performance

Shares of BXP stock opened at $70.17 on Friday. The company has a market capitalization of $11.19 billion, a PE ratio of 37.73, a PEG ratio of 3.07 and a beta of 1.01. BXP, Inc. has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a current ratio of 3.91, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock’s fifty day simple moving average is $66.10 and its 200 day simple moving average is $61.18.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, research analysts predict that BXP, Inc. will post 7 EPS for the current year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 30th. BXP’s payout ratio is 150.54%.

Trending Headlines about BXP

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Premium-office leasing is reportedly surging, improving BXP’s ability to raise occupancy, rents and cash flow at higher-quality properties. This supports the company’s strategy of focusing on well-located office assets and could help offset weakness in older buildings. BXP Gains Leverage as Premium Office Leasing Surges
• Positive Sentiment: BXP secured a $1.2 billion construction loan for its 343 Madison Avenue office tower in Midtown Manhattan. The financing advances a major development and demonstrates lender support for the project, which is positioned to benefit from demand for premium New York office space. BXP Secures $1.2B Construction Loan for 343 Madison Avenue Office Tower
• Positive Sentiment: The company is finalizing equity and construction arrangements for its Worldgate project and considering another Washington, D.C., office redevelopment. Law firms’ demand for high-end space could create attractive redevelopment opportunities and support long-term growth. BXP finalizes equity, construction deals for Worldgate project
• Neutral Sentiment: An affiliate of Douglas Development is under contract to acquire a Dupont Circle office building from BXP. The sale could provide liquidity and streamline the portfolio, although disposing of an asset also reduces the company’s property base and future rental income. Douglas Development affiliate under contract to buy Dupont Circle office building from BXP
• Negative Sentiment: The $1.2 billion loan increases BXP’s debt obligations and exposes the company to interest-rate, construction-cost and leasing risks. With leverage already elevated, investors may be cautious until the tower is completed and successfully leased. BXP Secures $1.2B Loan for Midtown Manhattan Office Tower

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on BXP in a report on Wednesday, May 13th. Scotiabank raised their target price on BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Barclays upped their price target on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, UBS Group reiterated a “neutral” rating on shares of BXP in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.11.

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.