Wall Street Zen Downgrades BXP (NYSE:BXP) to Sell

BXP (NYSE:BXP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Piper Sandler dropped their price objective on shares of BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $79.00 to $62.00 in a report on Tuesday, February 24th. Wells Fargo & Company upped their price target on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Truist Financial lowered their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Finally, UBS Group dropped their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.65.

BXP Trading Up 0.4%

Shares of NYSE BXP opened at $62.30 on Friday. The stock has a market capitalization of $9.93 billion, a PE ratio of 31.30, a PEG ratio of 2.68 and a beta of 1.04. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The stock has a fifty day simple moving average of $57.30 and a 200-day simple moving average of $61.80. BXP has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities analysts forecast that BXP will post 6.95 earnings per share for the current year.

Insider Transactions at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the sale, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,063 shares of company stock valued at $418,955. Insiders own 1.50% of the company’s stock.

Institutional Trading of BXP

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in BXP during the 4th quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its stake in BXP by 892.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 357 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in BXP during the 2nd quarter valued at approximately $29,000. Clearstead Advisors LLC raised its stake in BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 268 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in BXP during the 3rd quarter valued at approximately $36,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.