BXP (NYSE:BXP) Price Target Raised to $77.00

BXP (NYSE:BXP) had its price objective raised by Truist Financial from $71.00 to $77.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

BXP has been the topic of several other reports. UBS Group lifted their target price on BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho lowered their price objective on shares of BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Citigroup upped their price objective on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday. BMO Capital Markets lowered their target price on shares of BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Evercore ISI cut shares of BXP from an “outperform” rating to an “in-line” rating and set a $76.00 price target for the company. in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.06.

BXP Stock Up 1.5%

Shares of NYSE:BXP opened at $77.34 on Wednesday. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market cap of $12.25 billion, a P/E ratio of 2,578.89, a P/E/G ratio of 4.21 and a beta of 1.22. The firm has a fifty day moving average price of $69.41 and a 200 day moving average price of $67.76.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million during the quarter, compared to analysts’ expectations of $845.09 million. During the same period in the prior year, the company earned $1.77 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Sell-side analysts predict that BXP will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. BXP’s dividend payout ratio (DPR) is currently 13,066.67%.

Institutional Investors Weigh In On BXP

Large investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new position in BXP during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in shares of BXP during the 2nd quarter worth approximately $29,000. REAP Financial Group LLC raised its position in shares of BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 311 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in BXP in the 1st quarter valued at approximately $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in BXP during the 2nd quarter valued at $43,000. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Company Profile

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.