Equitable Holdings Inc. Purchases Shares of 10,737 BXP, Inc. $BXP

Equitable Holdings Inc. purchased a new stake in BXP, Inc. (NYSE:BXP) during the 2nd quarter, Holdings Channel reports. The firm purchased 10,737 shares of the real estate investment trust’s stock, valued at approximately $712,000.

A number of other hedge funds have also modified their holdings of BXP. Keybank National Association OH raised its position in shares of BXP by 5.4% during the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 183 shares during the last quarter. State of Wyoming grew its holdings 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 buying an additional 193 shares during the last quarter. Minot DeBlois Advisors LLC grew its holdings in BXP by 2.5% during the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 196 shares during the last quarter. Rexford Capital Inc. increased its position in BXP by 11.9% during the fourth quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in BXP by 3.8% during the fourth quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 217 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction on 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 transaction, the chief financial officer owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

BXP Trading Down 0.8%

Shares of BXP stock opened at $69.39 on Friday. BXP, Inc. has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The firm has a market cap of $11.08 billion, a PE ratio of 37.31, a P/E/G ratio of 2.59 and a beta of 1.01. The business’s fifty day moving average is $68.43 and its two-hundred day moving average is $61.68. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company 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. Analysts anticipate that BXP, Inc. will post 7.02 earnings per share for the current year.

BXP Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays upped their price objective on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Citigroup lifted their price objective on BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Scotiabank boosted their target price on shares of BXP from $74.00 to $76.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of BXP from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Finally, Truist Financial decreased their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.79.

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.