BXP, Inc. (NYSE:BXP) Given Consensus Recommendation of “Hold” by Brokerages

BXP, Inc. (NYSE:BXP) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $78.07.

A number of research firms recently commented on BXP. JPMorgan Chase & Co. raised BXP from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $72.00 to $78.00 in a report on Monday, June 23rd. Piper Sandler cut their target price on BXP from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Truist Financial cut their target price on BXP from $75.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th. UBS Group cut their price objective on BXP from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Morgan Stanley upped their price objective on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday.

BXP Price Performance

NYSE BXP opened at $70.06 on Thursday. BXP has a one year low of $54.22 and a one year high of $90.11. The stock has a 50-day moving average of $68.98 and a 200 day moving average of $68.46. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of -3,501.20, a PEG ratio of 5.72 and a beta of 1.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.01). BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The business had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. During the same quarter last year, the company earned $1.73 EPS. BXP’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast 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. Investors of record on Monday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Monday, June 30th. BXP’s payout ratio is currently -19,600.00%.

Institutional Investors Weigh In On BXP

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of BXP during the fourth quarter worth about $8,994,000. Cibc World Markets Corp boosted its stake in shares of BXP by 12.2% in the fourth quarter. Cibc World Markets Corp now owns 65,481 shares of the real estate investment trust’s stock worth $4,869,000 after acquiring an additional 7,100 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of BXP by 3.5% in the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock worth $22,812,000 after acquiring an additional 10,429 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of BXP by 7.7% in the fourth 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 acquiring an additional 10,252 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of BXP by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.