BXP (NYSE:BXP) Price Target Cut to $72.00 by Analysts at Piper Sandler

BXP (NYSE:BXP) had its price objective reduced by Piper Sandler from $88.00 to $72.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

BXP has been the topic of a number of other research reports. Wells Fargo & Company increased their target price on BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BXP in a research note on Friday, October 2nd. Mizuho lifted their price target on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. UBS Group upped their price objective on BXP from $61.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.00.

BXP Price Performance

Shares of NYSE:BXP opened at $59.51 on Monday. The company’s fifty day moving average price is $65.41 and its 200-day moving average price is $63.07. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.50 and a beta of 1.03. BXP has a one year low of $49.72 and a one year high of $74.96. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $858.07 million. During the same quarter last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, equities research analysts anticipate that BXP will post 7.02 earnings per share for the current fiscal year.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, September 30th. BXP’s dividend payout ratio (DPR) is presently 150.54%.

Institutional Trading of BXP

Several hedge funds have recently added to or reduced their stakes in the business. Silvant Capital Management LLC purchased a new stake in BXP during the 2nd quarter valued at $41,000. Eastern Bank grew its holdings in BXP by 108.7% in the 2nd quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of BXP in the second quarter valued at about $51,000. Rosenberg Matthew Hamilton purchased a new position in shares of BXP in the third quarter valued at about $61,000. Finally, Avalon Trust Co increased its position in shares of BXP by 155.7% in the first quarter. Avalon Trust Co now owns 1,299 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 791 shares during the period. 98.72% of the stock is owned by institutional investors.

About BXP

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, is a real estate investment trust that owns, develops, acquires and manages primarily office properties. The company focuses on high-quality commercial real estate in major U.S. business markets and serves corporate tenants across a range of industries.

The company’s portfolio includes office buildings, mixed-use developments and life science properties, as well as select residential assets. BXP also provides property management, leasing and development services associated with its real estate holdings.