Sumitomo Mitsui Trust Group Inc. Grows Stake in BXP, Inc. $BXP

Sumitomo Mitsui Trust Group Inc. grew its position in BXP, Inc. (NYSE:BXP) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 807,422 shares of the real estate investment trust’s stock after purchasing an additional 13,247 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in BXP were worth $54,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in BXP by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock worth $134,461,000 after purchasing an additional 17,385 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in BXP by 1.5% in the second quarter. Asset Management One Co. Ltd. now owns 291,875 shares of the real estate investment trust’s stock worth $19,693,000 after purchasing an additional 4,431 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in BXP by 3.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 224,969 shares of the real estate investment trust’s stock worth $15,179,000 after purchasing an additional 7,955 shares during the last quarter. Nuveen LLC purchased a new position in BXP in the first quarter worth $14,737,000. Finally, Swedbank AB grew its holdings in BXP by 14.8% in the second quarter. Swedbank AB now owns 124,545 shares of the real estate investment trust’s stock worth $8,403,000 after purchasing an additional 16,019 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of BXP from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Compass Point lowered shares of BXP from a “buy” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a report on Wednesday, September 10th. Morgan Stanley boosted their price objective on shares of BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of BXP in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $77.00 price objective on shares of BXP and gave the company a “neutral” rating in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.26.

BXP Trading Up 0.4%

NYSE BXP opened at $74.51 on Tuesday. The company has a market capitalization of $11.80 billion, a PE ratio of 2,484.53, a P/E/G ratio of 7.76 and a beta of 1.22. The company has a fifty day moving average of $73.33 and a 200 day moving average of $69.49. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $88.72. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Research analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. BXP’s dividend payout ratio is 9,333.33%.

BXP Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.