Shares of BXP, Inc. (NYSE:BXP – Get Free Report) have received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $77.1250.
Several research analysts have commented on the stock. UBS Group boosted their price target on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Wells Fargo & Company dropped their target price on BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Morgan Stanley lifted their price target on BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Mizuho lowered their price target on BXP from $86.00 to $82.00 and set an “outperform” rating for the company in a report on Monday, July 14th. Finally, Piper Sandler raised their price objective on BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th.
BXP Trading Up 0.6%
BXP (NYSE:BXP – Get Free Report) last posted its quarterly earnings results 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. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same quarter last year, the company earned $1.77 EPS. BXP’s revenue for the quarter was up 2.1% compared to the same quarter last year. 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 Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. BXP’s dividend payout ratio (DPR) is 13,066.67%.
Institutional Trading of BXP
Large investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in BXP in the 2nd quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in shares of BXP in the second quarter valued at about $29,000. REAP Financial Group LLC increased its stake in shares of BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 311 shares during the period. Sentry Investment Management LLC purchased a new position in BXP during the first quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in BXP during the second quarter worth about $43,000. Institutional investors and hedge funds 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.
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