Bank of Nova Scotia Sells 13,081 Shares of BXP, Inc. $BXP

Bank of Nova Scotia trimmed its position in BXP, Inc. (NYSE:BXP) by 75.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,337 shares of the real estate investment trust’s stock after selling 13,081 shares during the quarter. Bank of Nova Scotia’s holdings in BXP were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in BXP in the fourth quarter worth about $25,000. Princeton Global Asset Management LLC raised its holdings in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 357 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of BXP during the 2nd quarter worth approximately $29,000. Clearstead Advisors LLC boosted its stake in BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares in the last quarter. Finally, State of Wyoming boosted its stake in BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Trending Headlines about BXP

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Premium-office leasing is reportedly surging, improving BXP’s ability to raise occupancy, rents and cash flow at higher-quality properties. This supports the company’s strategy of focusing on well-located office assets and could help offset weakness in older buildings. BXP Gains Leverage as Premium Office Leasing Surges
• Positive Sentiment: BXP secured a $1.2 billion construction loan for its 343 Madison Avenue office tower in Midtown Manhattan. The financing advances a major development and demonstrates lender support for the project, which is positioned to benefit from demand for premium New York office space. BXP Secures $1.2B Construction Loan for 343 Madison Avenue Office Tower
• Positive Sentiment: The company is finalizing equity and construction arrangements for its Worldgate project and considering another Washington, D.C., office redevelopment. Law firms’ demand for high-end space could create attractive redevelopment opportunities and support long-term growth. BXP finalizes equity, construction deals for Worldgate project
• Neutral Sentiment: An affiliate of Douglas Development is under contract to acquire a Dupont Circle office building from BXP. The sale could provide liquidity and streamline the portfolio, although disposing of an asset also reduces the company’s property base and future rental income. Douglas Development affiliate under contract to buy Dupont Circle office building from BXP
• Negative Sentiment: The $1.2 billion loan increases BXP’s debt obligations and exposes the company to interest-rate, construction-cost and leasing risks. With leverage already elevated, investors may be cautious until the tower is completed and successfully leased. BXP Secures $1.2B Loan for Midtown Manhattan Office Tower

Wall Street Analyst Weigh In

BXP has been the subject of a number of analyst reports. Cantor Fitzgerald cut their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Truist Financial cut their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. LADENBURG THALM/SH SH upped their price objective on shares of BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.11.

Insider Activity at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the transaction, the senior vice president owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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. Insiders sold a total of 33,176 shares of company stock valued at $2,151,552 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

BXP Stock Performance

BXP stock opened at $70.17 on Friday. The stock has a 50-day simple moving average of $66.10 and a 200 day simple moving average of $61.18. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 3.07 and a beta of 1.01. The company has a quick ratio of 4.22, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, research analysts anticipate that BXP, Inc. will post 7 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is currently 150.54%.

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.