The Manufacturers Life Insurance Company Makes New $8.16 Million Investment in BXP, Inc. $BXP

The Manufacturers Life Insurance Company acquired a new position in shares of BXP, Inc. (NYSE:BXP) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 123,138 shares of the real estate investment trust’s stock, valued at approximately $8,165,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BXP. Keybank National Association OH increased its stake in shares of 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 purchasing an additional 183 shares during the period. State of Wyoming boosted its stake in BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 193 shares during the period. Minot DeBlois Advisors LLC boosted its stake 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 valued at $533,000 after purchasing an additional 196 shares during the period. Rexford Capital Inc. grew its holdings 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 valued at $127,000 after buying an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in BXP by 3.8% in the 4th quarter. Mackenzie Financial Corp now owns 5,869 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. This represents a 81.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on BXP shares. LADENBURG THALM/SH SH increased their price objective on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Mizuho boosted their target price on shares of BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating and issued a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price target on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Truist Financial dropped their price objective on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.79.

BXP Price Performance

BXP stock opened at $69.39 on Monday. The firm has a market cap of $11.08 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 2.59 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. The stock’s fifty day moving average price is $68.43 and its two-hundred day moving average price is $61.66. BXP, Inc. has a one year low of $49.72 and a one year high of $79.33.

BXP (NYSE:BXP) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, research analysts expect that BXP, Inc. will post 7.02 EPS for the current fiscal year.

BXP Announces Dividend

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

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.