Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BXP, Inc. (NYSE:BXP – Free Report) by 2,555.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,549 shares of the real estate investment trust’s stock after buying an additional 204,544 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BXP were worth $14,343,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. APG Asset Management US Inc. raised its stake in shares of BXP by 3.2% during the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after buying an additional 232,591 shares during the period. Invesco Ltd. raised its stake in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after purchasing an additional 1,207,607 shares during the last quarter. Boston Partners raised its stake in BXP by 17.6% in the 3rd quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after purchasing an additional 529,158 shares during the last quarter. Northern Trust Corp raised its stake in BXP by 3.9% in the 3rd quarter. Northern Trust Corp now owns 3,411,777 shares of the real estate investment trust’s stock valued at $253,632,000 after purchasing an additional 127,948 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BXP by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,256,924 shares of the real estate investment trust’s stock valued at $167,785,000 after purchasing an additional 37,438 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
BXP Stock Up 2.0%
Shares of NYSE:BXP opened at $59.82 on Thursday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. The business has a fifty day moving average of $55.39 and a two-hundred day moving average of $62.61. The stock has a market cap of $9.54 billion, a P/E ratio of 30.06, a PEG ratio of 2.53 and a beta of 1.04. BXP, Inc. has a 52-week low of $49.72 and a 52-week high of $79.33.
BXP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, March 31st. BXP’s dividend payout ratio is presently 140.70%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on BXP shares. Piper Sandler reduced their price objective on BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. UBS Group reduced their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on BXP in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $72.00 price objective on BXP in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised BXP from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, BXP currently has an average rating of “Hold” and an average price target of $71.60.
Read Our Latest Analysis on BXP
Insider Buying and Selling at BXP
In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the completion of the sale, the executive vice president directly owned 17,832 shares in the company, valued at $1,064,392.08. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by corporate insiders.
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.
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