BXP (NYSE:BXP) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of BXP (NYSE:BXP) from a hold rating to a sell rating in a research report released on Saturday morning.

BXP has been the topic of a number of other reports. Barclays reduced their price objective on shares of BXP from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Truist Financial dropped their target price on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. UBS Group reduced their price target on shares of BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft set a $61.00 price target on BXP in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.26.

BXP Price Performance

BXP opened at $69.77 on Friday. BXP has a twelve month low of $49.72 and a twelve month high of $79.33. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.02 and a beta of 1.01. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The company has a fifty day simple moving average of $64.06 and a 200 day simple moving average of $61.06.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts expect that BXP will post 6.95 EPS for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s dividend payout ratio is 140.70%.

Insider Buying and Selling at BXP

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the transaction, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,176 shares of company stock valued at $2,151,552 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of BXP

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stonehaven Wealth & Tax Solutions LLC grew its holdings in BXP by 4.6% during the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 162 shares during the period. Sage Mountain Advisors LLC raised its position in shares of BXP by 4.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC lifted its stake in shares of BXP by 2.5% in the 4th quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 179 shares during the period. Keybank National Association OH lifted its stake in shares of BXP by 5.4% in the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 183 shares during the period. Finally, State of Wyoming boosted its position in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.