Lasalle Investment Management Securities LLC Trims Stock Holdings in BXP, Inc. $BXP

Lasalle Investment Management Securities LLC reduced its holdings in shares of BXP, Inc. (NYSE:BXP) by 22.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 268,935 shares of the real estate investment trust’s stock after selling 77,356 shares during the period. Lasalle Investment Management Securities LLC owned about 0.17% of BXP worth $19,993,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in BXP in the second quarter worth $25,000. Muzinich & Co. Inc. bought a new position in shares of BXP in the third quarter worth about $27,000. MUFG Securities EMEA plc purchased a new position in BXP in the 2nd quarter worth about $29,000. Avalon Trust Co purchased a new position in BXP in the 3rd quarter worth about $36,000. Finally, Rothschild Investment LLC lifted its holdings in BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hilary J. Spann sold 1,194 shares of BXP stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $63.31, for a total transaction of $75,592.14. Following the completion of the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at $1,128,943.92. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 38,706 shares of company stock valued at $2,770,078. 1.49% of the stock is currently owned by insiders.

BXP Price Performance

BXP opened at $57.69 on Friday. The firm has a market capitalization of $9.14 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. The business’s 50-day moving average is $64.97 and its two-hundred day moving average is $69.47. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $79.33.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s payout ratio is currently 160.92%.

Analyst Ratings Changes

A number of equities analysts have commented on BXP shares. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. UBS Group dropped their price objective on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. The Goldman Sachs Group set a $72.00 target price on BXP in a research report on Wednesday, February 4th. KeyCorp raised BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a research report on Thursday, December 4th. Finally, Mizuho lowered BXP from an “outperform” rating to a “neutral” rating and cut their price target for the company from $79.00 to $62.00 in a research note on Tuesday, February 24th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.45.

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.