BXP, Inc. (NYSE:BXP) Receives Consensus Rating of “Hold” from Analysts

Shares of BXP, Inc. (NYSE:BXP) have received an average rating of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $79.10.

A number of analysts recently weighed in on the company. Evercore ISI decreased their price objective on BXP from $77.00 to $76.00 and set an “in-line” rating for the company in a report on Friday, November 14th. KeyCorp raised BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Thursday, December 4th. Truist Financial increased their target price on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, September 10th. Barclays lowered their price target on shares of BXP from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Monday, December 1st. Finally, LADENBURG THALM/SH SH initiated coverage on shares of BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 price objective on the stock.

BXP Price Performance

Shares of NYSE BXP opened at $71.35 on Friday. The company has a fifty day moving average price of $71.24 and a 200 day moving average price of $70.93. The firm has a market cap of $11.31 billion, a PE ratio of -56.18, a PEG ratio of 6.68 and a beta of 0.99. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26. BXP has a 1-year low of $54.22 and a 1-year high of $81.59.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The company had revenue of $871.51 million during the quarter, compared to analysts’ expectations of $860.88 million. During the same period last year, the firm posted $1.81 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts predict that BXP will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Peter V. Otteni sold 4,136 shares of BXP stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total transaction of $300,480.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The disclosure for this sale is available in the SEC filing. Insiders sold 70,710 shares of company stock worth $5,107,771 in the last quarter. Insiders own 1.49% of the company’s stock.

Hedge Funds Weigh In On BXP

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of BXP during the 2nd quarter worth about $686,886,000. Invesco Ltd. lifted its position in shares of BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after acquiring an additional 1,207,607 shares during the period. Vanguard Group Inc. grew its holdings in shares of BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of BXP by 76.8% during the third quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock valued at $149,576,000 after purchasing an additional 873,974 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of BXP by 354.0% in the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after purchasing an additional 678,529 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.