BXP, Inc. (NYSE:BXP) Receives Average Rating of “Hold” from Analysts

BXP, Inc. (NYSE:BXP) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $76.7333.

Several research firms recently weighed in on BXP. JPMorgan Chase & Co. upgraded 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 report on Monday, June 23rd. Morgan Stanley increased their target price on shares of BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group lowered their target price on shares of BXP from $76.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Wall Street Zen downgraded shares of BXP from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Finally, Truist Financial reduced their price objective on shares of BXP from $75.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, May 27th.

BXP Stock Up 2.1%

Shares of NYSE:BXP opened at $75.31 on Friday. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 2,511.30, a PEG ratio of 4.08 and a beta of 1.22. BXP has a 12 month low of $54.22 and a 12 month high of $90.11. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. The company has a 50-day moving average price of $68.56 and a 200 day moving average price of $67.53.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, equities research analysts predict that BXP will post 6.91 earnings per share for the current year.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 30th. BXP’s dividend payout ratio (DPR) is currently 13,066.67%.

Hedge Funds Weigh In On BXP

Several hedge funds have recently bought and sold shares of BXP. Norges Bank bought a new stake in shares of BXP during the second quarter worth $686,886,000. Vanguard Group Inc. increased its stake in BXP by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after buying an additional 1,016,579 shares during the period. Franklin Resources Inc. increased its stake in BXP by 354.0% in the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock worth $58,711,000 after buying an additional 678,529 shares during the period. Bamco Inc. NY bought a new stake in BXP during the 2nd quarter valued at about $38,580,000. Finally, Daiwa Securities Group Inc. boosted its position in BXP by 70.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock valued at $76,787,000 after buying an additional 472,221 shares during the period. 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.