BXP (NYSE:BXP) Downgraded by Evercore ISI to “In-Line”

Evercore ISI lowered shares of BXP (NYSE:BXP) from an outperform rating to an in-line rating in a research note published on Tuesday, Marketbeat reports. They currently have $76.00 price objective on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded BXP from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $72.00 to $78.00 in a research note on Monday, June 23rd. 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 note on Tuesday, May 27th. BMO Capital Markets restated an “outperform” rating and issued a $86.00 target price (up previously from $85.00) on shares of BXP in a research note on Monday, June 23rd. The Goldman Sachs Group cut their target price on BXP from $76.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Finally, Mizuho lowered their price target on BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.13.

BXP Trading Down 4.5%

NYSE:BXP opened at $72.37 on Tuesday. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market capitalization of $11.46 billion, a PE ratio of 2,413.14, a price-to-earnings-growth ratio of 4.19 and a beta of 1.22. The business’s 50-day simple moving average is $68.97 and its 200-day simple moving average is $67.62.

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

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.92 annualized dividend and a yield of 5.4%. BXP’s dividend payout ratio (DPR) is 13,066.67%.

Institutional Investors Weigh In On BXP

Several hedge funds have recently modified their holdings of BXP. Deutsche Bank AG boosted its holdings 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 in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BXP during the 1st quarter valued at $34,000. NewSquare Capital LLC boosted its holdings 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 in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of BXP by 14.6% during the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 556 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in shares of BXP by 7.8% during the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 500 shares in 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.