John Stroman Sells 16,838 Shares of BXP (NYSE:BXP) Stock

by · The Cerbat Gem

BXP, Inc. (NYSE:BXP – Get Free Report) EVP John Stroman sold 16,838 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total transaction of $1,215,198.46. The sale was disclosed in a legal filing with the SEC, which is available through this link.

BXP Trading Down 1.3%

NYSE:BXP opened at $70.73 on Friday. The company has a 50-day moving average price of $73.48 and a 200-day moving average price of $70.15. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of -55.69, a P/E/G ratio of 7.35 and a beta of 1.20. The company has a current ratio of 4.50, a quick ratio of 3.76 and a debt-to-equity ratio of 2.26. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $84.75.

BXP (NYSE:BXP – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. During the same period in the prior year, the firm earned $1.81 earnings per share. BXP’s revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities analysts predict that BXP, Inc. will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Hedge Funds Weigh In On BXP

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in BXP in the second quarter worth about $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP during the third quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of BXP during the second quarter valued at approximately $29,000. REAP Financial Group LLC raised its holdings in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 311 shares during the last quarter. Finally, Avalon Trust Co bought a new position in BXP in the 3rd quarter valued at approximately $36,000. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BXP. Wells Fargo & Company reduced their price target on BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 27th. Truist Financial boosted their target price on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a report on Wednesday, September 10th. LADENBURG THALM/SH SH started coverage on shares of BXP in a research report on Monday, October 13th. They issued a “buy” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. raised shares of BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price target for the company in a research report on Friday, October 17th. Finally, Piper Sandler boosted their price objective on shares of BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.47.

Check Out Our Latest Stock Analysis on BXP

BXP Company Profile

(Get Free Report)

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

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