OVERSEA CHINESE BANKING Corp Ltd Purchases New Shares in BXP, Inc. $BXP

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in BXP, Inc. (NYSE:BXP) in the second quarter, Holdings Channel reports. The institutional investor acquired 74,828 shares of the real estate investment trust’s stock, valued at approximately $4,962,000.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in BXP during the second quarter worth approximately $1,192,349,000. Cohen & Steers Inc. boosted its holdings in shares of BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the period. Norges Bank purchased a new position in shares of BXP in the 4th quarter worth approximately $689,419,000. Geode Capital Management LLC increased its position in shares of BXP by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after purchasing an additional 204,258 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on BXP shares. Truist Financial decreased their price target on BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Scotiabank boosted their price objective on shares of BXP from $74.00 to $76.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH increased their target price on shares of BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BXP in a report on Wednesday, August 12th. Finally, Evercore set a $68.00 price target on shares of BXP in a research note on Monday, July 6th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, BXP currently has an average rating of “Moderate Buy” and an average target price of $74.58.

BXP Price Performance

Shares of BXP stock opened at $67.86 on Friday. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91. The firm has a market capitalization of $10.83 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.51 and a beta of 1.01. The stock has a 50 day moving average price of $67.85 and a 200 day moving average price of $61.40.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. As a group, sell-side analysts predict that BXP, Inc. will post 7.03 earnings per share for the current year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s payout ratio is currently 150.54%.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

BXP 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.