Infrastructure Capital Advisors LLC acquired a new stake in shares of BXP, Inc. (NYSE:BXP – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 11,099 shares of the real estate investment trust’s stock, valued at approximately $736,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH grew its holdings in BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 183 shares during the period. State of Wyoming lifted its holdings in BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares during the period. Minot DeBlois Advisors LLC boosted its position in BXP by 2.5% in the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 196 shares in the last quarter. Rexford Capital Inc. boosted its position in BXP by 11.9% in the 4th quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of BXP by 3.8% during the 4th quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.
BXP Trading Down 0.3%
Shares of NYSE:BXP opened at $67.50 on Monday. The business’s 50 day moving average price is $67.88 and its 200-day moving average price is $61.43. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91.
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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 30th. BXP’s dividend payout ratio is 150.54%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. LADENBURG THALM/SH SH increased their price target on shares of BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Barclays lifted their price objective on shares of BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Truist Financial decreased their price objective on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Scotiabank increased their target price 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. Finally, Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.58.
Get Our Latest Research Report on BXP
Insider Buying and Selling at BXP
In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.
BXP 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.
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