BXP, Inc. (NYSE:BXP) Receives $74.58 Consensus Price Target from Analysts

BXP, Inc. (NYSE:BXP) has been given an average rating of “Moderate Buy” by the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $74.6842.

BXP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on BXP from $79.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore set a $68.00 price target on BXP in a report on Monday, July 6th. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BXP in a report on Wednesday, August 12th. Finally, Citigroup boosted their price objective on BXP from $58.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th.

BXP Price Performance

NYSE:BXP opened at $72.14 on Friday. The stock has a market cap of $11.52 billion, a P/E ratio of 38.79, a PEG ratio of 2.61 and a beta of 1.01. BXP has a one year low of $49.72 and a one year high of $79.33. The company has a fifty day moving average price of $68.09 and a 200 day moving average price of $61.54. 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 results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. During the same period last year, the business 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. Analysts anticipate that BXP will post 7.03 earnings per share for the current year.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. BXP’s payout ratio is currently 150.54%.

Insider Transactions at BXP

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction on 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 owned 5,839 shares of the company’s stock, valued at $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Institutional Trading of BXP

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in BXP in the second quarter worth about $1,192,349,000. Cohen & Steers Inc. boosted its holdings in BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after purchasing an additional 4,503,738 shares in the last quarter. California State Teachers Retirement System boosted its holdings in BXP by 6,426.1% during the second quarter. California State Teachers Retirement System now owns 11,585,219 shares of the real estate investment trust’s stock valued at $768,216,000 after purchasing an additional 11,407,698 shares in the last quarter. Norges Bank bought a new stake in shares of BXP in the 4th quarter valued at approximately $689,419,000. Finally, Geode Capital Management LLC grew its stake in shares of BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after purchasing an additional 55,621 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.