BXP (NYSE:BXP) Given New $84.00 Price Target at BMO Capital Markets

BXP (NYSE:BXP) had its price objective reduced by BMO Capital Markets from $86.00 to $84.00 in a report released on Tuesday, Marketbeat.com reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the company. Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Morgan Stanley boosted their price target on BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Scotiabank decreased their price target on BXP from $81.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company decreased their price target on BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Finally, Piper Sandler decreased their price target on BXP from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.13.

BXP Stock Down 4.5%

Shares of NYSE:BXP opened at $72.37 on Tuesday. The stock has a fifty day simple moving average of $68.97 and a two-hundred day simple moving average of $67.62. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 2,413.14, a PEG ratio of 4.19 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.

BXP (NYSE:BXP) last announced 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 during the quarter, compared to analysts’ expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, research analysts anticipate that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

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

Institutional Trading of BXP

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. State Street Corp increased its position in BXP by 1.7% during the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock valued at $782,337,000 after acquiring an additional 186,269 shares during the last quarter. Norges Bank purchased a new stake in BXP during the second quarter valued at $686,886,000. Geode Capital Management LLC increased its position in BXP by 1.7% during the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after acquiring an additional 68,481 shares during the last quarter. Finally, Boston Partners increased its position in BXP by 15.5% during the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after acquiring an additional 403,090 shares during the last quarter. Hedge funds and other 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.