Joel Klein Buys Shares of BXP, Inc.
Joel Klein purchased 496 shares of BXP, Inc. on June 30, valued at $32,889.76.
Key Points
- Joel Klein bought 496 shares of BXP, Inc. on June 30, valued at $32,889.76.
- BXP, Inc. shares traded at $66.31 on Wednesday, with a market cap of $10.57 billion and a P/E ratio of 33.3.
- Scotiabank upgraded BXP to 'buy' with a $70 target, while Vanguard opened new positions in BXP.
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On June 30, 2026, Joel Klein purchased 496 shares of BXP, Inc. (NYSE:BXP), worth about $32,889.76. The shares were bought at an average price of $66.31 each. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at BXP, Inc.
Several insiders, including Duncan Bruce, Tony West, and Joel Klein, bought shares of BXP, Inc. on June 30, 2026. Each of these transactions involved purchasing shares at $66.31, with Klein acquiring 496 shares. These purchases were not part of any Rule 10b5-1 trading plans.
Other Institutional Activity in BXP, Inc.
Cohen & Steers, Inc. increased its holdings in BXP by 5,466,437 shares, now holding 20,849,327 shares valued at approximately $1.08 billion, marking a 35.5% increase. BlackRock, Inc. reduced its stake by 1,859,119 shares, leaving it with 16,459,955 shares worth about $854.3 million, reflecting a 10.1% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, each with over 9.9 million shares valued at approximately $517.5 million. Meanwhile, State Street Corp trimmed its holdings by 1,379,592 shares, now holding 9,890,068 shares worth $520.1 million, a 12.2% decrease.
BXP, Inc. Stock Down 4.3%
Shares of NYSE:BXP traded near $66.31 on Wednesday. BXP, Inc. has a market cap of $10.57 billion and a P/E ratio of 33.3. The stock has a 52-week low of $49.72 and a high of $79.33, with a 50-day moving average of $61.19 and a 200-day moving average of $64.66. The company's beta is 1.062, indicating slightly higher volatility compared to the market. BXP also has a current ratio of 0.979 and a quick ratio of 0.865, with a debt-to-equity ratio of 212.
$BXP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its recent earnings report, BXP, Inc. posted revenue of $3.16 billion, reflecting a modest growth of 0.6%. The company reported an EPS of $1.99, with a net margin of 10.0% and a return on equity of 5.5%. The next earnings release is scheduled for July 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 89.1%. Revenue beat estimates by 2.3%.
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Profit surprise
EBITDA missed by 12 percent. Operating income missed by 24 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 4 target cuts.
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Earnings quality
Gross margin down 1.6 points. Operating margin down 28.6 points. Positive free cash flow.
Earnings Call Summary
BXP reported first-quarter FFO of $1.59 per share, beating expectations by one penny, with revenue of $872 million beating consensus by about $19 million. The company completed 1.14 million square feet of leasing in the quarter, with occupancy rising to 87.4 percent. Artificial intelligence companies are driving strong demand in San Francisco, New York, and other gateway markets, and BXP has already sold $1.2 billion of non-core assets toward its $1.9 billion goal, including a $430 million sale of the Marriott headquarters building in Bethesda.
Guidance BXP raised its full-year 2026 FFO guidance to $6.90 to $7.04 per share, up one penny at the midpoint. The company expects to end 2026 at around 89 percent occupancy, up from 87.4 percent now, and plans to sell about $400 million more of non-core assets this year. Strong leasing demand, especially from artificial intelligence companies in San Francisco and New York, is driving the occupancy improvements.
Very weak report. The release materially worsened the forward outlook.
Dividend
BXP, Inc. offers an annual dividend rate of $2.80, yielding 4.22%. The dividend payout ratio stands at 154.77%, indicating that the company pays out more in dividends than it earns in net income.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank upgraded BXP, Inc. to a 'buy' rating with a price target of $70. Evercore ISI Group maintained its 'hold' rating with a $67 target on June 15, while Wells Fargo reaffirmed its 'buy' rating with a $77 target on June 1. The consensus among 20 analysts is a 'buy' recommendation, with a target mean price of $69.65.
About BXP, Inc.
BXP, Inc. is a leading real estate investment trust (REIT) focused on developing, owning, and managing office spaces across major U.S. cities like Boston, Los Angeles, and New York. Headquartered in Boston, Massachusetts, and led by CEO Owen David Thomas, the company oversees a portfolio of 164 properties, including office, retail, and residential spaces. With a commitment to sustainability, BXP has been recognized for its green building practices.
Bottom Line
Joel Klein's recent purchase of BXP shares adds to the insider activity at the company, reflecting potential confidence in its future. BXP's stock performance and market metrics indicate a stable position in the real estate sector, with analysts providing a generally positive outlook. However, as with all 13F filings, this insider activity is backward-looking and may not represent current holdings.
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