Wealthfront Advisers LLC Decreases Holdings in BXP, Inc. $BXP

Wealthfront Advisers LLC trimmed its holdings in shares of BXP, Inc. (NYSE:BXP) by 64.9% during the first quarter, HoldingsChannel reports. The firm owned 14,890 shares of the real estate investment trust’s stock after selling 27,488 shares during the quarter. Wealthfront Advisers LLC’s holdings in BXP were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BXP. Norges Bank bought a new position in BXP during the fourth quarter valued at about $689,419,000. Cohen & Steers Inc. raised its position in BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after acquiring an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in BXP by 32,286.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after acquiring an additional 1,883,282 shares during the last quarter. Invesco Ltd. grew its position in shares of BXP by 44.9% during 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 acquiring an additional 1,207,607 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of BXP by 52.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after acquiring an additional 1,053,938 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of BXP 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,176 shares of company stock worth $2,151,552 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

BXP Stock Performance

NYSE BXP opened at $68.25 on Wednesday. The company’s 50 day moving average is $64.43 and its 200-day moving average is $61.00. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. 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 firm has a market cap of $10.88 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01.

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

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. BXP’s payout ratio is presently 140.70%.

Analyst Upgrades and Downgrades

BXP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $61.00 price target on shares of BXP in a research note on Wednesday, May 13th. Weiss Ratings raised BXP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Scotiabank raised their target price on BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore set a $68.00 target price on BXP in a research note on Monday, July 6th. Finally, Wells Fargo & Company upped their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.11.

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.