VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 13,800 BXP, Inc. $BXP

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of BXP, Inc. (NYSE:BXP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,800 shares of the real estate investment trust’s stock, valued at approximately $1,026,000.

A number of other institutional investors also recently made changes to their positions in BXP. Muzinich & Co. Inc. acquired a new stake in shares of BXP during the third quarter worth approximately $27,000. HBK Sorce Advisory LLC bought a new position in BXP during the 3rd quarter valued at $204,000. Blue Trust Inc. grew its holdings in BXP by 8.6% during the 3rd quarter. Blue Trust Inc. now owns 7,042 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 557 shares in the last quarter. CWM LLC increased its position in shares of BXP by 79.7% in the 3rd quarter. CWM LLC now owns 12,965 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 5,752 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of BXP by 16.2% in the 3rd quarter. Pacer Advisors Inc. now owns 13,598 shares of the real estate investment trust’s stock worth $1,011,000 after purchasing an additional 1,897 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John J. Stroman sold 16,838 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total value of $1,215,198.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,710 shares of company stock worth $5,107,771 in the last quarter. Company insiders own 1.49% of the company’s stock.

Analyst Ratings Changes

BXP has been the topic of several research analyst reports. Evercore ISI reduced their price target on shares of BXP from $77.00 to $76.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. The Goldman Sachs Group set a $77.00 target price on BXP and gave the stock a “neutral” rating in a report on Friday, October 17th. Barclays decreased their target price on BXP from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Monday, December 1st. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price target on the stock in a research report on Friday, October 17th. Finally, Jefferies Financial Group lifted their price objective on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, BXP currently has an average rating of “Hold” and a consensus target price of $79.58.

BXP Price Performance

Shares of BXP opened at $67.85 on Friday. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 4.50. The stock has a fifty day moving average price of $70.39 and a 200 day moving average price of $70.72. The company has a market cap of $10.75 billion, a P/E ratio of -53.42, a PEG ratio of 6.19 and a beta of 1.01.

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

BXP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be given a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.1%. BXP’s dividend payout ratio is -220.47%.

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.