BXP (NYSE:BXP) Given New $81.00 Price Target at Scotiabank

BXP (NYSE:BXP) had its price objective decreased by Scotiabank from $83.00 to $81.00 in a report published on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. UBS Group dropped 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. Truist Financial lowered their price objective on BXP from $75.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, May 27th. Piper Sandler decreased their price target on BXP from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upgraded BXP from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $78.00 in a report on Monday, June 23rd. Finally, Wells Fargo & Company cut their price target on BXP from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, BXP has an average rating of “Hold” and a consensus target price of $79.08.

BXP Trading Up 0.7%

BXP stock opened at $71.25 on Monday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of -3,560.62, a price-to-earnings-growth ratio of 5.79 and a beta of 1.15. The stock has a 50-day moving average price of $68.74 and a 200 day moving average price of $68.44.

BXP (NYSE:BXP) last posted its quarterly earnings data 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 business had revenue of $865.22 million during the quarter, compared to analysts’ expectations of $833.89 million. BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share. Sell-side analysts anticipate that BXP will post 6.91 EPS for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.50%. The ex-dividend date is Monday, June 30th. BXP’s payout ratio is -19,600.00%.

Institutional Trading of BXP

Several large investors have recently made changes to their positions in BXP. Goldman Sachs Group Inc. raised its holdings in BXP by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after acquiring an additional 17,385 shares in the last quarter. Deutsche Bank AG boosted its position in BXP by 30.6% in the 4th 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 during the last quarter. Whittier Trust Co. boosted its position in BXP by 3.5% in 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 buying an additional 10,429 shares during the last quarter. Nuveen LLC bought a new position in BXP in the 1st quarter valued at $14,737,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of BXP by 7.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust’s stock worth $10,717,000 after purchasing an additional 10,252 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About BXP

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.