Duff & Phelps Investment Management Co. Has $64.89 Million Stake in BXP, Inc. $BXP

Duff & Phelps Investment Management Co. grew its holdings in BXP, Inc. (NYSE:BXP) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 961,754 shares of the real estate investment trust’s stock after purchasing an additional 17,273 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in BXP were worth $64,890,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Midwest Professional Planners LTD. lifted its position in shares of BXP by 6.5% during the 2nd quarter. Midwest Professional Planners LTD. now owns 11,249 shares of the real estate investment trust’s stock worth $759,000 after purchasing an additional 690 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of BXP by 13.2% during the second quarter. Rockefeller Capital Management L.P. now owns 31,204 shares of the real estate investment trust’s stock worth $2,105,000 after buying an additional 3,640 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of BXP by 9.9% in the second quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust’s stock valued at $3,538,000 after acquiring an additional 4,744 shares during the period. SG Americas Securities LLC grew its stake in shares of BXP by 65.1% in the second quarter. SG Americas Securities LLC now owns 3,438 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 1,356 shares during the last quarter. Finally, Creative Planning increased its position in BXP by 251.6% during the second quarter. Creative Planning now owns 91,048 shares of the real estate investment trust’s stock worth $6,143,000 after acquiring an additional 65,156 shares during the period. 98.72% of the stock is currently owned by institutional investors.

BXP Price Performance

NYSE:BXP opened at $70.60 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The company has a 50-day moving average of $73.35 and a 200-day moving average of $70.26. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $84.75. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of -55.59, a PEG ratio of 7.35 and a beta of 1.20.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The business had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, equities research analysts anticipate that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. BXP’s dividend payout ratio is presently -220.47%.

Insider Buying and Selling

In other BXP news, CFO Michael E. Labelle sold 13,422 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the sale, the chief financial officer directly owned 9,223 shares in the company, valued at $667,191.82. This represents a 59.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John J. Stroman sold 16,838 shares of BXP stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total value of $1,215,198.46. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.49% of the company’s stock.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of research reports. Scotiabank increased their price target on shares of BXP from $77.00 to $81.00 and gave the company a “sector perform” rating in a report on Thursday. New Street Research set a $85.00 price objective on shares of BXP in a research report on Monday, October 13th. Wall Street Zen cut shares of BXP from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Weiss Ratings downgraded BXP from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, November 10th. Finally, Compass Point lowered BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.42.

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.