Jefferies Financial Group Increases BXP (NYSE:BXP) Price Target to $84.00

BXP (NYSE:BXP) had its price target raised by equities research analysts at Jefferies Financial Group from $79.00 to $84.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 19.26% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. UBS Group increased their target price on BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. LADENBURG THALM/SH SH began coverage on BXP in a research note on Monday. They set a “buy” rating and a $85.00 target price on the stock. Evercore ISI boosted their target price on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. The Goldman Sachs Group boosted their target price on BXP from $67.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Mizuho dropped their target price on BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BXP has a consensus rating of “Hold” and an average target price of $78.95.

BXP Stock Up 0.5%

Shares of NYSE BXP opened at $70.44 on Monday. 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 stock has a market capitalization of $11.16 billion, a PE ratio of 2,348.62, a price-to-earnings-growth ratio of 7.34 and a beta of 1.22. The stock’s fifty day simple moving average is $71.95 and its two-hundred day simple moving average is $68.79. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $868.46 million for 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. 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, analysts expect that BXP will post 6.91 EPS for the current fiscal year.

Institutional Trading of BXP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Norges Bank acquired a new stake in BXP during the 2nd quarter worth about $686,886,000. Vanguard Group Inc. lifted its position in BXP by 4.3% during 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 acquiring an additional 1,016,579 shares during the period. Franklin Resources Inc. lifted its position in BXP by 354.0% during the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock worth $58,711,000 after acquiring an additional 678,529 shares during the period. Bamco Inc. NY acquired a new position in shares of BXP in the 2nd quarter valued at about $38,580,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of 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 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.