BXP (NYSE:BXP) Raised to “Hold” at Wall Street Zen

BXP (NYSE:BXP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts have also recently commented on BXP. UBS Group decreased their target price on shares of BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets restated an “outperform” rating and set a $68.00 target price on shares of BXP in a research note on Tuesday, June 2nd. Piper Sandler cut their target price on shares of BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Mizuho downgraded BXP from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $79.00 to $62.00 in a report on Tuesday, February 24th. Finally, Scotiabank lowered their price target on BXP from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.65.

BXP Trading Down 0.1%

Shares of BXP stock opened at $66.18 on Friday. The company’s 50-day moving average price is $58.70 and its 200-day moving average price is $61.68. 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 market cap of $10.55 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.86 and a beta of 1.04. BXP has a twelve month low of $49.72 and a twelve month high of $79.33.

BXP (NYSE:BXP) last announced its quarterly 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). BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm had revenue of $872.15 million for the quarter, compared to analyst estimates of $843.11 million. During the same period in the previous year, the firm posted $1.64 EPS. The company’s revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities analysts predict that BXP will post 6.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction on 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 accessible through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BXP

A number of institutional investors have recently modified their holdings of the company. Boothe Investment Group Inc. raised its position in shares of BXP by 13.4% in the first quarter. Boothe Investment Group Inc. now owns 32,748 shares of the real estate investment trust’s stock valued at $1,700,000 after buying an additional 3,860 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BXP by 10.1% in the 1st quarter. Bank of America Corp DE now owns 2,693,376 shares of the real estate investment trust’s stock valued at $139,786,000 after purchasing an additional 248,182 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of BXP by 481.7% in the 1st quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust’s stock valued at $3,626,000 after purchasing an additional 57,889 shares in the last quarter. Adelante Capital Management LLC lifted its stake in shares of BXP by 4.0% in the 1st quarter. Adelante Capital Management LLC now owns 78,363 shares of the real estate investment trust’s stock valued at $4,067,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in BXP by 5.5% during the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.