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

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

Several other brokerages have also weighed in on BXP. UBS Group cut their price objective on shares of BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $68.00 price target on shares of BXP in a research report on Tuesday, June 2nd. Piper Sandler increased their price target on shares of BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup decreased their price target on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.11.

BXP Stock Performance

BXP stock opened at $69.16 on Friday. The stock has a fifty day moving average price of $65.00 and a 200 day moving average price of $61.06. BXP has a 52 week low of $49.72 and a 52 week high of $79.33. The firm has a market capitalization of $11.03 billion, a P/E ratio of 34.75, a PEG ratio of 2.98 and a beta of 1.01. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last issued its quarterly 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). The business had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Equities research analysts anticipate that BXP will post 6.96 earnings per share for the current year.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer owned 5,839 shares in the company, valued at approximately $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter V. Otteni sold 4,863 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,176 shares of company stock valued at $2,151,552 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BXP

Several institutional investors have recently bought and sold shares of the business. Cohen & Steers Inc. raised its stake in shares of BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after acquiring an additional 4,503,738 shares during the period. Norges Bank purchased a new stake in BXP during the 4th quarter worth $689,419,000. Geode Capital Management LLC increased its holdings in BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after purchasing an additional 55,621 shares in the last quarter. Invesco Ltd. raised its position in BXP by 5.2% in the fourth 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 period. Finally, Boston Partners raised its position in BXP by 17.6% in the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after purchasing an additional 529,158 shares during the period. 98.72% of the stock is currently 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.