KBC Group NV Sells 2,567 Shares of BXP, Inc. $BXP

KBC Group NV cut its stake in shares of BXP, Inc. (NYSE:BXP) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,805 shares of the real estate investment trust’s stock after selling 2,567 shares during the quarter. KBC Group NV’s holdings in BXP were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BXP. Boston Partners grew its stake in BXP by 15.5% in the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock worth $203,020,000 after purchasing an additional 403,090 shares in the last quarter. Nuveen LLC bought a new position in shares of BXP during the 1st quarter worth $14,737,000. Analyst IMS Investment Management Services Ltd. grew its position in shares of BXP by 49.7% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 339,596 shares of the real estate investment trust’s stock worth $22,913,000 after buying an additional 112,760 shares in the last quarter. Tredje AP fonden increased its stake in shares of BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after buying an additional 95,948 shares during the period. Finally, Nan Fung Trinity HK Ltd. bought a new stake in shares of BXP in the second quarter valued at about $3,158,000. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

BXP has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on shares of BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. BMO Capital Markets dropped their price objective on shares of BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Piper Sandler lifted their price objective on shares of BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, September 9th. New Street Research set a $85.00 target price on BXP in a report on Monday, October 13th. Finally, Weiss Ratings cut BXP from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, November 10th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, BXP presently has an average rating of “Hold” and a consensus price target of $79.42.

Insider Transactions at BXP

In other BXP news, CFO Michael E. Labelle sold 13,422 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. This trade represents a 59.27% 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. Also, EVP John J. Stroman sold 16,838 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. The SEC filing for this sale provides additional information. Company insiders own 1.49% of the company’s stock.

BXP Trading Down 0.3%

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

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

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. BXP’s dividend payout ratio is currently -220.47%.

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.