BXP (NYSE:BXP) Price Target Raised to $80.00 at LADENBURG THALM/SH SH

BXP (NYSE:BXP) had its price target lifted by LADENBURG THALM/SH SH from $70.00 to $80.00 in a research note published on Wednesday,Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on BXP. UBS Group reduced their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. JPMorgan Chase & Co. cut their target price on BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Cantor Fitzgerald reduced their price target on BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Truist Financial reduced their price target 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, Weiss Ratings cut BXP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.95.

BXP Price Performance

BXP stock opened at $66.72 on Wednesday. The stock’s 50 day moving average is $62.76 and its two-hundred day moving average is $61.05. BXP has a 52-week low of $49.72 and a 52-week high of $79.33. The company has a market capitalization of $10.64 billion, a PE ratio of 33.53, a P/E/G ratio of 2.96 and a beta of 1.01. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 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 the consensus estimate of $843.11 million. During the same period in the prior year, the business earned $1.64 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Analysts predict that BXP will post 6.95 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. BXP’s dividend payout ratio is presently 140.70%.

Insider Activity at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’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 owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. 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 business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the sale, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,176 shares of company stock valued at $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BXP

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of BXP in the 4th quarter valued at $689,419,000. Cohen & Steers Inc. boosted its position in BXP by 41.4% in the fourth 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 buying an additional 4,503,738 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in BXP by 32,286.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after buying an additional 1,883,282 shares during the last quarter. Invesco Ltd. grew its stake in BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of BXP by 52.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after buying an additional 1,053,938 shares in the last quarter. Institutional investors 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.