OMERS ADMINISTRATION Corp Takes Position in BXP, Inc. $BXP

OMERS ADMINISTRATION Corp bought a new position in BXP, Inc. (NYSE:BXP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 27,200 shares of the real estate investment trust’s stock, valued at approximately $79,000.

A number of other institutional investors have also recently bought and sold shares of BXP. BlackRock Inc. acquired a new position in BXP during the second quarter worth approximately $1,192,349,000. Cohen & Steers Inc. increased its holdings in shares of BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after buying an additional 4,503,738 shares during the last quarter. Norges Bank acquired a new stake in shares of BXP during the 4th quarter worth $689,419,000. Geode Capital Management LLC raised its position in shares of BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after buying an additional 55,621 shares during the period. Finally, Invesco Ltd. raised its position in shares of BXP by 5.2% in the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after buying an additional 204,258 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on BXP shares. 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 note on Tuesday, May 26th. Cantor Fitzgerald decreased their price objective on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Wells Fargo & Company boosted their price target on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Barclays lifted their price objective on shares of BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Evercore set a $68.00 price target on shares of BXP in a research note on Monday, July 6th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BXP presently has a consensus rating of “Moderate Buy” and an average price target of $74.79.

BXP Stock Down 0.4%

Shares of NYSE:BXP opened at $70.03 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91. The company has a market cap of $11.18 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.01. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33. The firm has a 50 day simple moving average of $68.34 and a 200 day simple moving average of $61.63.

BXP (NYSE:BXP) last issued 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 company had revenue of $895.70 million for 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 firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 7.03 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently disclosed 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 yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is presently 150.54%.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.