Matthew Lustig Purchases Shares of BXP, Inc.
Matthew Lustig bought 440 shares of BXP, Inc. on June 30, valued at $29,176.40.
Key Points
- Matthew Lustig purchased 440 shares of BXP, Inc. on June 30, valued at $29,176.40.
- BXP, Inc. has a market cap of $10.57 billion, a P/E ratio of 33.32, and a beta of 1.062.
- Scotiabank upgraded BXP to a 'buy' with a $70 target on June 18, 2026.
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On June 30, 2026, Matthew Lustig bought 440 shares of BXP, Inc. (NYSE:BXP), valued at $29,176.40. This insider transaction was not conducted under a pre-planned trading scheme, indicating a direct purchase at a price of $66.31 per share.
What Changed in Matthew Lustig's BXP, Inc. Position
Matthew Lustig's recent purchase of 440 shares of BXP, Inc. signifies an active investment interest in the company. This transaction reflects a strategic buy rather than a planned acquisition, showing confidence in the company's prospects.
Other Institutional Activity in BXP, Inc.
Cohen & Steers, Inc. significantly increased its stake in BXP, adding 5,466,437 shares to reach a total of 20,849,327 shares, valued at approximately $1.08 billion, marking a 35.5% increase. Meanwhile, BlackRock, Inc. reduced its holdings by 1,859,119 shares, resulting in 16,459,955 shares worth about $854.27 million, a 10.1% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with holdings of 12,824,544 and 9,970,641 shares, respectively. State Street Corp also trimmed its position by 1,379,592 shares, now holding 9,890,068 shares valued at $520.15 million, a 12.2% decrease.
BXP, Inc. Stock Down 4.3%
Shares of NYSE:BXP traded near $66.31 on Wednesday. BXP, Inc. boasts a market capitalization of approximately $10.57 billion, with a P/E ratio of 33.32 and a beta of 1.062. The stock's 52-week range is between $49.72 and $79.33. Its 50-day moving average stands at $61.19, while the 200-day moving average is $64.66. The company maintains a current ratio of 0.979 and a quick ratio of 0.865, with a debt-to-equity ratio of 211.994.
$BXP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For the latest quarter, BXP, Inc. reported revenue of $3.16 billion, demonstrating a marginal growth of 0.6%. The company achieved an EPS of $1.99, with a net margin of 10.04% and a return on equity of 5.53%. Investors can look forward to the next earnings report 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 per share, yielding 4.22%. The dividend payout ratio stands at 154.77%.
Insider Buying and Selling at BXP, Inc.
On June 30, 2026, several insiders joined Matthew Lustig in buying shares of BXP, Inc. Duncan Bruce acquired 515 shares, Tony West bought 352 shares, Joel Klein purchased 496 shares, Mary Kipp added 402 shares, and William Walton III bought 346 shares. Each transaction was executed at the same price of $66.31 per share, without any pre-arranged plans.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank upgraded BXP to a 'buy' rating, establishing a price target of $70. Evercore ISI Group maintained its 'hold' rating with a target of $67 on June 15, while Wells Fargo kept its 'buy' rating with a $77 target on June 1. The consensus among analysts suggests a 'buy' recommendation with a mean target price of $69.65, based on 20 analyst opinions.
About BXP, Inc.
BXP, Inc. is a leading real estate investment trust (REIT) focused on developing, owning, and managing high-quality office spaces in the United States. Headquartered in Boston, Massachusetts, BXP operates in key markets such as Boston, Los Angeles, and New York. The company, led by CEO Owen David Thomas, employs 826 people and has a portfolio totaling 50.4 million square feet across 164 properties.
Bottom Line
Matthew Lustig's purchase adds to a series of insider buys at BXP, Inc., reflecting confidence in the company's future. BXP, Inc. continues to be a significant player in the real estate sector, with a strong market presence and solid financial metrics. As always, it's important to remember that insider transactions like this are disclosed after the fact and may not indicate future performance.
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