Centersquare Investment Management LLC Sells 87,564 Shares of BXP, Inc. $BXP

Centersquare Investment Management LLC cut its stake in BXP, Inc. (NYSE:BXP) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,735,946 shares of the real estate investment trust’s stock after selling 87,564 shares during the period. BXP makes up approximately 1.2% of Centersquare Investment Management LLC’s holdings, making the stock its 29th largest holding. Centersquare Investment Management LLC’s holdings in BXP were worth $117,142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Stonehaven Wealth & Tax Solutions LLC boosted its holdings in BXP by 4.6% in the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 162 shares during the period. Sage Mountain Advisors LLC lifted its holdings in shares of BXP by 4.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 171 shares during the period. Signaturefd LLC lifted its holdings in shares of BXP by 2.5% during the 4th quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 179 shares during the period. Keybank National Association OH lifted its holdings in shares of BXP by 5.4% during the 4th 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. Finally, State of Wyoming lifted its holdings in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 193 shares during the period. 98.72% of the stock is owned by institutional investors.

Insider Activity at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. This trade represents a 86.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction dated 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 transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,176 shares of company stock valued at $2,151,552 in the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BXP. Scotiabank reduced their price objective on shares of BXP from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $68.00 price objective on shares of BXP in a report on Tuesday, June 2nd. Mizuho downgraded shares of BXP from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Truist Financial reduced their price objective on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Finally, UBS Group reduced their price objective on shares of BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.65.

BXP Trading Up 1.0%

Shares of BXP stock opened at $66.16 on Friday. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a market capitalization of $10.55 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.83 and a beta of 1.04. The firm has a 50-day moving average price of $58.39 and a 200 day moving average price of $61.65. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Research analysts forecast that BXP, Inc. will post 6.95 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 31st. BXP’s dividend payout ratio (DPR) is currently 140.70%.

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.