Legal & General Group Plc Takes Position in BXP, Inc. $BXP

Legal & General Group Plc acquired a new position in BXP, Inc. (NYSE:BXP) during the second quarter, Holdings Channel.com reports. The firm acquired 1,266,577 shares of the real estate investment trust’s stock, valued at approximately $83,987,000.

Several other institutional investors have also recently made changes to their positions in BXP. BlackRock Inc. acquired a new position in BXP during the second quarter valued at $1,192,349,000. Norges Bank acquired a new stake in BXP during the 4th quarter worth about $689,419,000. Cohen & Steers Inc. grew its position in 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 worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of BXP by 32,286.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after buying an additional 1,883,282 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of BXP by 44.9% during the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after buying an additional 1,207,607 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

BXP has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Mizuho lifted their price target on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Evercore set a $68.00 price target on BXP in a report on Monday, July 6th. Cantor Fitzgerald lowered their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, Scotiabank raised their price objective on shares of BXP from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.79.

BXP Price Performance

Shares of NYSE BXP opened at $70.03 on Friday. 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 fifty day moving average of $68.34 and a 200 day moving average of $61.63. The firm has a market cap of $11.18 billion, a PE ratio of 37.65, a PEG ratio of 2.63 and a beta of 1.01. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33.

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 the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same period last year, the firm posted $1.71 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. 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, research analysts predict that BXP, Inc. will post 7.03 EPS for the current fiscal year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. BXP’s dividend payout ratio (DPR) is currently 150.54%.

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.