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BXP Inc. (BXP) – Don’t Be So Quick to Call it Dead

BXP Inc. (NYSE: BXP) is 0.56% higher on its value in year-to-date trading and has touched a low of $50.64 and a high of $73.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BXP stock was last observed hovering at around $70.18 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $70.56, the stock is 2.08% and 7.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.54% at the moment leaves the stock 10.51% off its SMA200. BXP registered 12.32% gain for a year compared to 6-month gain of 7.36%.

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The stock witnessed a 1.99% loss in the last 1 month and extending the period to 3 months gives it a 13.17%, and is 2.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 3.52% over the month.

BXP Inc. (BXP) has around 836 employees, a market worth around $11.14B and $3.34B in sales. Current P/E ratio is 66.30 and Fwd P/E is 37.33. Profit margin for the company is 5.01%. Distance from 52-week low is 39.34% and -4.61% from its 52-week high. The company has generated returns on investments over the last 12 months (0.78%).

The EPS is expected to grow by 69.54% this year

865.0 institutions hold shares in BXP Inc. (BXP), with institutional investors hold 102.63% of the company’s shares. The shares outstanding are 157.93M, and float is at 157.24M with Short Float at 4.42%. Institutions hold 102.40% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.57 million shares valued at $1.45 billion. The investor’s holdings represent 15.0127 of the BXP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.63 million shares valued at $1.15 billion to account for 11.8666 of the shares outstanding. The other top investors are NORGES BANK which holds 12.7 million shares representing 8.0872 and valued at over $781.54 million, while STATE STREET CORP holds 6.9557 of the shares totaling 10.92 million with a market value of $682.9 million.

BXP Inc. (BXP) Insider Activity

The most recent transaction is an insider sale by RITCHEY RAYMOND A, the company’s Senior EVP. SEC filings show that RITCHEY RAYMOND A sold 14,150 shares of the company’s common stock on Mar 06 ’24 at a price of $62.84 per share for a total of $0.89 million. Following the sale, the insider now owns 0.0 shares.

BXP Inc. disclosed in a document filed with the SEC on Sep 11 ’23 that Kevorkian Eric G (SVP, CLO and Secretary) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 11 ’23 and was made at $66.43 per share for $66430.0. Following the transaction, the insider now directly holds 994.0 shares of the BXP stock.

Still, SEC filings show that on Sep 05 ’23, RITCHEY RAYMOND A (Senior EVP) disposed off 65,000 shares at an average price of $67.11 for $4.36 million. The insider now directly holds 0 shares of BXP Inc. (BXP).

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