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

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

Other analysts have also issued research reports about the stock. Cantor Fitzgerald dropped their price objective on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, May 15th. JPMorgan Chase & Co. reduced their target price on BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings upgraded BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Barclays dropped their price target on BXP from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, Wells Fargo & Company lifted their price objective on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.26.

BXP Stock Down 1.3%

Shares of NYSE:BXP opened at $69.77 on Friday. The company’s fifty day moving average is $64.06 and its 200-day moving average is $61.06. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. BXP has a 52 week low of $49.72 and a 52 week high of $79.33. The company has a market capitalization of $11.13 billion, a PE ratio of 35.06, a P/E/G ratio of 3.05 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 33,176 shares of company stock valued at $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of BXP in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC raised its position in shares of BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 357 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of BXP during the second quarter valued at $29,000. Clearstead Advisors LLC lifted its stake in shares of BXP by 109.4% during the fourth 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 period. Finally, State of Wyoming lifted its stake in shares of BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 193 shares during the period. 98.72% of the stock is currently owned by institutional investors.

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.