BXP, Inc. (NYSE:BXP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BXP, Inc. (NYSE:BXP) have been assigned an average rating of “Hold” from the nineteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $79.4211.

BXP has been the subject of several research reports. Wells Fargo & Company dropped their price target on BXP from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a report on Friday, October 17th. Piper Sandler boosted their target price on shares of BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. New Street Research set a $85.00 price target on shares of BXP in a research note on Monday, October 13th. Finally, The Goldman Sachs Group set a $77.00 price objective on shares of BXP and gave the stock a “neutral” rating in a research note on Friday, October 17th.

BXP Stock Performance

Shares of BXP stock opened at $69.12 on Wednesday. BXP has a 52 week low of $54.22 and a 52 week high of $84.75. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of -54.42, a PEG ratio of 7.35 and a beta of 1.20. The company has a 50-day simple moving average of $73.15 and a 200 day simple moving average of $70.32. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The firm had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. During the same period last year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, sell-side analysts predict that BXP will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 30th. BXP’s payout ratio is presently -220.47%.

Insider Buying and Selling

In other BXP news, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the sale, the chief financial officer owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. The trade was a 59.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.49% of the company’s stock.

Institutional Investors Weigh In On BXP

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of 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 valued at $1,651,017,000 after buying an additional 1,016,579 shares in the last quarter. State Street Corp increased its stake in BXP by 1.7% in 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 acquired a new position in BXP during the second quarter valued at approximately $686,886,000. APG Asset Management US Inc. lifted its stake in BXP by 3.2% during the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after purchasing an additional 232,591 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 worth $279,186,000 after purchasing an additional 68,481 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.