Infrastructure Capital Advisors LLC Acquires 11,932 Shares of BXP, Inc. $BXP

Infrastructure Capital Advisors LLC boosted its holdings in BXP, Inc. (NYSE:BXP) by 65.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 30,261 shares of the real estate investment trust’s stock after acquiring an additional 11,932 shares during the period. Infrastructure Capital Advisors LLC’s holdings in BXP were worth $1,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of BXP by 29.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 257 shares during the last quarter. First Trust Advisors LP boosted its holdings in BXP by 45.7% in the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 12,660 shares during the last quarter. Cresset Asset Management LLC grew its position in BXP by 29.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 2,089 shares during the period. Jump Financial LLC grew its position in BXP by 276.0% in the 2nd quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock worth $3,175,000 after purchasing an additional 34,544 shares during the period. Finally, Squarepoint Ops LLC raised its stake in BXP by 99.3% during the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after buying an additional 56,104 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BXP. Cantor Fitzgerald lowered their price target on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on BXP in a report on Wednesday, May 13th. UBS Group lowered their target price on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Citigroup dropped their target price on BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Finally, LADENBURG THALM/SH SH boosted their price target on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.11.

Insider Buying and Selling at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,176 shares of company stock valued at $2,151,552. Company insiders own 1.50% of the company’s stock.

BXP Trading Up 0.1%

Shares of BXP stock opened at $69.18 on Tuesday. The company’s fifty day simple moving average is $65.18 and its 200-day simple moving average is $61.02. The stock has a market capitalization of $11.03 billion, a PE ratio of 34.77, a P/E/G ratio of 2.98 and a beta of 1.01. BXP, Inc. has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (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 the consensus estimate of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, equities analysts anticipate that BXP, Inc. will post 6.96 earnings per share for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.0%. BXP’s payout ratio is 140.70%.

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.