102,160 Shares in BXP, Inc. $BXP Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in BXP, Inc. (NYSE:BXP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 102,160 shares of the real estate investment trust’s stock, valued at approximately $6,774,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of BXP during the 2nd quarter worth approximately $1,192,349,000. California State Teachers Retirement System lifted its holdings in shares of BXP by 6,426.1% in the 2nd quarter. California State Teachers Retirement System now owns 11,585,219 shares of the real estate investment trust’s stock valued at $768,216,000 after acquiring an additional 11,407,698 shares during the last quarter. Norges Bank purchased a new position in BXP in the fourth quarter worth about $689,419,000. Cohen & Steers Inc. increased its stake in BXP by 41.4% during 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 last quarter. Finally, Bank of America Corp DE bought a new stake in BXP during the second quarter worth approximately $186,471,000. 98.72% of the stock is currently owned by institutional investors.

BXP Price Performance

BXP stock opened at $65.82 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The firm has a 50-day moving average of $68.67 and a two-hundred day moving average of $61.94. BXP, Inc. has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. 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 forecast that BXP, Inc. will post 7.02 earnings per share for the current year.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, June 30th. BXP’s dividend payout ratio is currently 150.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BXP. Citigroup raised their price objective on BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH increased their price target on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BXP in a research note on Wednesday, August 12th. Barclays raised their target price on shares of BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company upped their price target on shares of BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.05.

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.