BXP, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Brokerages

Shares of BXP, Inc. (NYSE:BXP) have earned an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $75.45.

A number of research firms have recently commented on BXP. Truist Financial cut their target price on shares of BXP from $74.00 to $70.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. The Goldman Sachs Group set a $72.00 price objective on BXP in a report on Wednesday, February 4th. Evercore cut their price objective on BXP from $76.00 to $73.00 and set an “in-line” rating for the company in a research note on Thursday, January 29th. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $79.00 to $62.00 in a research report on Tuesday. Finally, Citigroup lowered their price target on BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd.

Insider Transactions at BXP

In other news, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the business’s 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 SEC filing for this sale provides additional information. Insiders sold 38,706 shares of company stock valued at $2,770,078 over the last 90 days. 1.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BXP

A number of large investors have recently made changes to their positions in BXP. Virtu Financial LLC purchased a new position in BXP in the fourth quarter worth approximately $532,000. Compound Planning Inc. lifted its stake in shares of BXP by 6.8% in the 4th quarter. Compound Planning Inc. now owns 3,978 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 253 shares during the last quarter. Invesco Ltd. lifted its stake in shares of BXP by 5.2% in the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after purchasing an additional 204,258 shares during the last quarter. Rare Wolf Capital LLC acquired a new stake in shares of BXP during the 4th quarter worth about $1,630,000. Finally, Corient Private Wealth LLC raised its holdings in BXP by 22.3% in the 4th quarter. Corient Private Wealth LLC now owns 41,223 shares of the real estate investment trust’s stock valued at $2,549,000 after buying an additional 7,511 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Price Performance

BXP stock opened at $61.20 on Friday. The stock has a market capitalization of $9.70 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.57 and a beta of 1.01. The company’s fifty day moving average price is $65.19 and its 200 day moving average price is $69.46. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. BXP has a 1 year low of $54.22 and a 1 year high of $79.33.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s payout ratio is 160.92%.

About BXP

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.