BXP, Inc. (NYSE:BXP) Receives Consensus Recommendation of “Hold” from Analysts

BXP, Inc. (NYSE:BXP) has been given an average recommendation of “Hold” by the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $79.2632.

Several equities research analysts have weighed in on the company. UBS Group upped their target price on BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Truist Financial upped their target price on BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group set a $77.00 price target on shares of BXP and gave the stock a “neutral” rating in a report on Friday, October 17th. Jefferies Financial Group upped their price target on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, LADENBURG THALM/SH SH started coverage on shares of BXP in a report on Monday, October 13th. They set a “buy” rating and a $85.00 price target for the company.

BXP Stock Up 1.1%

NYSE BXP opened at $71.21 on Friday. The business has a fifty day moving average price of $73.68 and a two-hundred day moving average price of $69.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.50 and a quick ratio of 3.76. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $84.75. The stock has a market capitalization of $11.28 billion, a PE ratio of -56.07, a PEG ratio of 7.35 and a beta of 1.22.

BXP (NYSE:BXP) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The firm had revenue of $871.51 million during the quarter, compared to analysts’ expectations of $860.88 million. During the same period in the prior year, the company earned $1.81 earnings per share. The company’s quarterly 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 expect that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. BXP’s dividend payout ratio is -220.47%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BXP. Loomis Sayles & Co. L P acquired a new position in shares of BXP during the second quarter worth $25,000. Muzinich & Co. Inc. acquired a new position in shares of BXP during the third quarter worth $27,000. MUFG Securities EMEA plc acquired a new position in shares of BXP during the second quarter worth $29,000. REAP Financial Group LLC increased its holdings in BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 311 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in BXP in the second quarter valued at $43,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About BXP

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.