Evercore ISI Cuts BXP (NYSE:BXP) Price Target to $73.00

BXP (NYSE:BXP) had its price objective cut by Evercore ISI from $76.00 to $73.00 in a research report sent to investors on Thursday, MarketBeat reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the stock. Mizuho cut their price target on shares of BXP from $82.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. The Goldman Sachs Group set a $77.00 target price on shares of BXP and gave the stock a “neutral” rating in a research report on Friday, October 17th. LADENBURG THALM/SH SH assumed coverage on BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 target price on the stock. Citigroup lowered their price target on BXP from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company cut their price objective on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.75.

BXP Stock Performance

Shares of BXP opened at $64.72 on Thursday. BXP has a 12-month low of $54.22 and a 12-month high of $79.33. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The company has a market cap of $10.26 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 7.69 and a beta of 1.01. The stock has a 50-day moving average price of $68.57 and a 200-day moving average price of $70.28.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s payout ratio is 160.92%.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 36,314 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer directly owned 9,223 shares in the company, valued at $667,191.82. This trade represents a 59.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 70,710 shares of company stock valued at $5,107,771. 1.49% of the stock is owned by insiders.

Institutional Investors Weigh In On BXP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH grew its holdings in BXP by 5.4% in the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 183 shares during the last quarter. M&T Bank Corp raised its stake in shares of BXP by 83.8% during the fourth quarter. M&T Bank Corp now owns 32,036 shares of the real estate investment trust’s stock valued at $2,162,000 after acquiring an additional 14,607 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of BXP by 9.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 51,007 shares of the real estate investment trust’s stock worth $3,442,000 after purchasing an additional 4,344 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of BXP by 1.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 90,129 shares of the real estate investment trust’s stock worth $6,093,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of BXP by 2.3% in the fourth quarter. Sanctuary Advisors LLC now owns 29,169 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 663 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

More BXP News

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Management reiterated strong leasing momentum and set a 4% occupancy growth target by 2027 while reporting progress toward $1.25B of asset sales — this supports near-term cash generation and repositioning toward higher-return assets. BXP outlines 4-percent occupancy growth target by 2027 amid strong leasing and $1.25B in asset sales progress
• Positive Sentiment: BXP is reportedly close to signing another major tenant at 343 Madison Avenue, which would support Manhattan leasing momentum and rent-roll visibility. BXP Close to Signing Another Major Tenant at 343 Madison Avenue
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “overweight” rating with a $79 price target, signaling institutional conviction in upside from current levels. Cantor Fitzgerald Reiterates Overweight Rating on Boston Properties Inc. (BXP)
• Neutral Sentiment: Company press release and earnings materials provide the formal Q4/FY numbers and context; details are mixed — leasing strength and revenue items are offset by margin/earnings dynamics that left some expectations unmet. BXP Announces Fourth Quarter and Full Year 2024 Results
• Neutral Sentiment: Full earnings/quarter transcripts are available and show management focusing on leasing and capital recycling; investors will parse the tone for guidance and capital allocation plans. BXP, Inc. (BXP) Q4 2025 Earnings Call Transcript
• Negative Sentiment: At least one earnings-call write-up flagged that Q4 results fell short of some expectations, which pressures near-term sentiment. Earnings call transcript: BXP Inc Q4 2024 falls short of expectations
• Negative Sentiment: Evercore ISI trimmed its price target (from $76 to $73) and moved to an “in-line” rating, signaling more cautious near-term expectations from another sell-side shop. BXP price target lowered by Evercore ISI
• Negative Sentiment: Portfolio moves — including exiting the West Coast lab market and selling a D.C. stake rather than joining a debt restructuring — reduce exposure to non-core assets but may signal forced dispositions or tighter financing conditions in some markets. BXP Exits West Coast Lab Market Amid Nationwide Asset Sell-Off BXP sells its stake in D.C.’s Market Square North rather than join debt restructuring

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.