BXP, Inc. (NYSE:BXP) Given Average Recommendation of “Hold” by Analysts

Shares of BXP, Inc. (NYSE:BXP) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $79.09.

A number of equities research analysts have issued reports on the company. Barclays cut their target price on BXP from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. UBS Group reduced their price target on BXP from $80.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Jefferies Financial Group initiated coverage on shares of BXP in a research report on Monday, March 17th. They issued a “buy” rating and a $78.00 target price for the company. Truist Financial lowered their price objective on shares of BXP from $75.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company lowered their price target on BXP from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th.

Institutional Investors Weigh In On BXP

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in shares of BXP by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock valued at $70,612,000 after buying an additional 222,284 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of BXP by 3.5% during the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock valued at $22,812,000 after acquiring an additional 10,429 shares in the last quarter. Nuveen LLC acquired a new stake in BXP during the first quarter valued at $14,737,000. Cbre Investment Management Listed Real Assets LLC increased its position in BXP by 12.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after purchasing an additional 18,900 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of BXP by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after buying an additional 99,248 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Stock Down 0.1%

BXP stock opened at $71.61 on Friday. The firm has a fifty day moving average price of $67.30 and a two-hundred day moving average price of $69.51. The company has a debt-to-equity ratio of 2.04, a current ratio of 4.23 and a quick ratio of 4.23. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of -3,578.66, a PEG ratio of 5.84 and a beta of 1.16.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.01). The company had revenue of $865.22 million during the quarter, compared to analyst estimates of $833.89 million. BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Research analysts predict that BXP will post 6.91 EPS for the current year.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.47%. BXP’s payout ratio is presently -19,600.00%.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.