Rakuten Investment Management Inc. Takes $970,000 Position in BXP, Inc. $BXP

by · The Cerbat Gem

Rakuten Investment Management Inc. bought a new stake in BXP, Inc. (NYSE:BXP – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 13,048 shares of the real estate investment trust’s stock, valued at approximately $970,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in BXP by 28.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 237,799 shares of the real estate investment trust’s stock valued at $17,678,000 after acquiring an additional 52,156 shares during the last quarter. Vert Asset Management LLC increased its position in shares of BXP by 2.0% during the third quarter. Vert Asset Management LLC now owns 67,975 shares of the real estate investment trust’s stock worth $5,053,000 after purchasing an additional 1,348 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of BXP by 7.0% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,551 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 232 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of BXP by 2.1% in the 3rd quarter. Americana Partners LLC now owns 14,924 shares of the real estate investment trust’s stock valued at $1,109,000 after purchasing an additional 300 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of BXP in the 3rd quarter valued at about $1,866,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Stock Performance

Shares of BXP opened at $65.46 on Friday. The stock has a market capitalization of $10.37 billion, a P/E ratio of -51.54, a P/E/G ratio of 7.72 and a beta of 1.01. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. BXP, Inc. has a 1 year low of $54.22 and a 1 year high of $79.33. The company’s fifty day moving average is $69.02 and its two-hundred day moving average is $70.47.

BXP (NYSE:BXP – Get Free Report) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The business had revenue of $871.51 million for the quarter, compared to the consensus estimate of $860.88 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, sell-side analysts predict that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, December 31st. BXP’s payout ratio is currently -220.47%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays cut their price target on BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $70.00 price objective on shares of BXP in a research report on Tuesday, January 6th. Finally, New Street Research set a $85.00 target price on shares of BXP in a report on Monday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, BXP has a consensus rating of “Hold” and an average price target of $77.90.

Check Out Our Latest Stock Report on BXP

Insiders Place Their Bets

In other news, EVP John J. Stroman sold 16,838 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the sale, the chief financial officer directly owned 9,223 shares of the company’s stock, valued at $667,191.82. This represents a 59.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 70,710 shares of company stock worth $5,107,771. Company insiders own 1.49% of the company’s stock.

About BXP

(Free Report)

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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