New York State Teachers Retirement System Cuts Stock Holdings in BXP, Inc. $BXP

New York State Teachers Retirement System reduced its stake in BXP, Inc. (NYSE:BXP) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,753 shares of the real estate investment trust’s stock after selling 8,008 shares during the period. New York State Teachers Retirement System’s holdings in BXP were worth $7,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of BXP by 1.0% in the third quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock valued at $110,835,000 after purchasing an additional 15,507 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BXP during the second quarter valued at $306,000. Swedbank AB lifted its position in BXP by 13.9% during the third quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock valued at $10,541,000 after purchasing an additional 17,253 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of BXP by 70.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after buying an additional 472,221 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of BXP by 9.9% in the 2nd quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust’s stock worth $3,538,000 after buying an additional 4,744 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

BXP News Summary

Here are the key news stories impacting BXP this week:

• Positive Sentiment: BXP confirmed completion of property sales with net proceeds of more than $1.0 billion, noting progress toward its 2025–2027 asset-sale plan and freeing capital for higher-return, core market investments. BXP Announces Strategic Dispositions Totaling More than $1.0 Billion
• Positive Sentiment: Report details BXP’s $1B+ of asset sales covering land, multifamily, life sciences and office — a deliberate reallocation from non-core/suburban holdings toward premium workplace assets. BXP Offloads $1B Of Land, Multifamily, Life Sciences And Office
• Positive Sentiment: BXP sold a Reston apartment tower and a suburban development site — concrete examples of the company shedding non-core assets as part of the disposition program. BXP sells Reston apartment tower and suburban development site
• Positive Sentiment: Coverage noting BXP has topped $1.0B in sales toward its multi-year disposition target — reinforces the narrative of disciplined capital recycling. BXP tops $1.0B in asset sales toward multi-year disposition goal
• Positive Sentiment: Analyst note highlights the $1B milestone and the company’s intention to redeploy proceeds into premium workplace and gateway-market projects — framing the sales as value-enhancing. BXP Hits $1B Milestone Under Its Long-Term Asset Sale Plan Strategy
• Positive Sentiment: Barclays upgraded BXP, a supportive analyst move that may underpin near-term buying interest. Barclays upgrades Boston Properties (BXP)
• Neutral Sentiment: A roundup summarizes the views of 11 analysts — useful context but no single decisive call; reflects mixed sentiment across the analyst community. A Glimpse Into The Expert Outlook On BXP Through 11 Analysts
• Negative Sentiment: JPMorgan Chase published a pessimistic forecast for BXP’s share price, which could weigh on sentiment and limit near-term upside. JPMorgan Chase & Co. Issues Pessimistic Forecast for BXP (NYSE:BXP) Stock Price
• Negative Sentiment: Scotiabank lowered its price target from $81 to $74 and moved to a “sector performer” rating — a more cautious valuation that may temper upside expectations. Scotiabank lowers BXP price target

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BXP shares. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the company a “neutral” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Cantor Fitzgerald set a $79.00 target price on BXP in a research report on Monday, January 5th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Thursday, December 4th. Finally, LADENBURG THALM/SH SH started coverage on BXP in a research report on Monday, October 13th. They issued a “buy” rating and a $85.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.95.

Insider Activity at BXP

In other BXP news, CFO Michael E. Labelle sold 13,422 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 70,710 shares of company stock worth $5,107,771. 1.49% of the stock is currently owned by corporate insiders.

BXP Trading Up 1.1%

Shares of NYSE BXP opened at $67.10 on Friday. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. The company has a market cap of $10.63 billion, a price-to-earnings ratio of -52.83, a PEG ratio of 7.78 and a beta of 1.01. The business’s 50 day moving average price is $69.64 and its 200-day moving average price is $70.53.

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

BXP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.2%. BXP’s dividend payout ratio is presently -220.47%.

About BXP

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.