BXP (NYSE:BXP) Price Target Raised to $65.00

BXP (NYSE:BXP) had its target price hoisted by Morgan Stanley from $62.00 to $65.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on the company. Truist Financial lowered their price target on BXP from $75.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised BXP from an “underweight” rating to a “neutral” rating and increased their price target for the company from $72.00 to $78.00 in a research report on Monday, June 23rd. UBS Group lowered 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. BMO Capital Markets reissued an “outperform” rating and issued a $86.00 price target (up from $85.00) on shares of BXP in a research report on Monday, June 23rd. Finally, Wells Fargo & Company decreased their target price on BXP from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $78.07.

BXP Trading Down 0.1%

NYSE BXP opened at $68.95 on Wednesday. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a market cap of $10.92 billion, a price-to-earnings ratio of -3,445.78, a P/E/G ratio of 5.65 and a beta of 1.15. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The business has a 50 day moving average price of $69.19 and a 200-day moving average price of $68.39.

BXP (NYSE:BXP) last announced its quarterly earnings results 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 negative net margin of 0.16% and a positive return on equity of 3.72%. The business had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. During the same period in the previous year, the business posted $1.73 EPS. BXP’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.98 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.92 annualized dividend and a yield of 5.69%. BXP’s dividend payout ratio is currently -19,600.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BXP. Deutsche Bank AG boosted its position in shares of BXP by 30.6% during 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 acquiring an additional 222,284 shares during the last quarter. Nuveen LLC bought a new stake in shares of BXP during the 1st quarter valued at about $14,737,000. Raymond James Financial Inc. bought a new stake in shares of BXP during the 4th quarter valued at about $8,994,000. Tredje AP fonden boosted its position in shares of BXP by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after acquiring an additional 95,948 shares during the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of BXP by 98.3% during the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock valued at $7,281,000 after acquiring an additional 53,727 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.