Scotiabank Cuts BXP (NYSE:BXP) Price Target to $73.00

BXP (NYSE:BXP) had its price objective trimmed by Scotiabank from $76.00 to $73.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a sector outperform rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Mizuho lifted their target price on shares of BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price target on BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Citigroup lifted their price objective on BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BXP in a report on Wednesday, August 12th. Finally, LADENBURG THALM/SH SH raised 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. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.11.

BXP Price Performance

Shares of BXP stock opened at $63.30 on Thursday. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.36 and a beta of 1.01. BXP has a 1-year low of $49.72 and a 1-year high of $78.23. The firm’s 50-day moving average price is $68.01 and its two-hundred day moving average price is $62.14.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 earnings per share. 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 analysts predict that BXP will post 7.02 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 30th. BXP’s dividend payout ratio (DPR) is presently 150.54%.

Hedge Funds Weigh In On BXP

A number of large investors have recently added to or reduced their stakes in BXP. Elyxium Wealth LLC bought a new stake in shares of BXP in the fourth quarter valued at about $25,000. Clearstead Advisors LLC raised its position in BXP by 109.4% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares during the last quarter. Silvant Capital Management LLC bought a new stake in BXP in the 2nd quarter valued at approximately $41,000. Eastern Bank boosted its position in BXP by 108.7% during 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. Finally, Trust Co. of Vermont acquired a new position in BXP during the 2nd quarter worth approximately $51,000. Institutional investors own 98.72% of the company’s stock.

BXP Company Profile

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company’s portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.