BXP (NYSE:BXP) Price Target Raised to $68.00

BXP (NYSE:BXP) had its target price hoisted by Mizuho from $62.00 to $68.00 in a report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald decreased their price target on shares of BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Barclays raised their price objective on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday. LADENBURG THALM/SH SH lifted their target price on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their target price on BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company increased their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, BXP currently has an average rating of “Moderate Buy” and an average price target of $73.11.

BXP Stock Up 0.5%

BXP stock opened at $67.77 on Tuesday. BXP has a one year low of $49.72 and a one year high of $79.33. The stock has a fifty day moving average of $64.78 and a 200 day moving average of $61.00. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $10.81 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.91 and a beta of 1.01.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. During the same period in the previous year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, sell-side analysts predict that BXP will post 6.96 EPS for the current year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s dividend payout ratio (DPR) is presently 140.70%.

Insiders Place Their Bets

In other news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares in the company, valued at $387,417.65. The trade was a 81.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president owned 311 shares in the company, valued at $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,176 shares of company stock valued at $2,151,552 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BXP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. boosted its holdings in shares of BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the period. Norges Bank purchased a new stake in BXP during the 4th quarter valued at $689,419,000. Geode Capital Management LLC lifted its position in BXP by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after buying an additional 55,621 shares during the last quarter. Invesco Ltd. lifted its position in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after buying an additional 204,258 shares during the last quarter. Finally, Boston Partners lifted its position in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock worth $263,031,000 after buying an additional 529,158 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.