Mizuho Issues Positive Forecast for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP) had its price target hoisted by Mizuho from $62.00 to $68.00 in a research note published on Tuesday, MarketBeat reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Truist Financial decreased their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Barclays boosted their price target on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $68.00 price objective on shares of BXP in a research note on Tuesday, June 2nd. Finally, Scotiabank upgraded BXP from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $65.00 to $70.00 in a report on Thursday, June 18th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.11.

BXP Stock Performance

BXP stock opened at $68.25 on Tuesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. The business’s fifty day simple moving average is $64.43 and its two-hundred day simple moving average is $61.00. BXP has a twelve month low of $49.72 and a twelve month high of $79.33. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.93 and a beta of 1.01.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). The company had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Analysts predict that BXP will post 6.95 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. BXP’s dividend payout ratio (DPR) is presently 140.70%.

Insider Transactions at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. This represents a 86.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,176 shares of company stock worth $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Stonehaven Wealth & Tax Solutions LLC lifted its holdings in BXP by 4.6% in the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 162 shares in the last quarter. Sage Mountain Advisors LLC raised its position in shares of BXP by 4.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 171 shares during the last quarter. Signaturefd LLC lifted its stake in shares of BXP by 2.5% during the fourth quarter. Signaturefd LLC now owns 7,383 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 179 shares during the period. Keybank National Association OH lifted its stake in shares of BXP by 5.4% during the fourth quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 183 shares during the period. Finally, State of Wyoming boosted its position in BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 193 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) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.