BXP (NYSE:BXP) PT Set at $82.00 by Mizuho

BXP (NYSE:BXP) has been given a $82.00 price objective by Mizuho in a note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 17.18% from the company’s current price.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of BXP from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $72.00 to $78.00 in a research note on Monday, June 23rd. BMO Capital Markets restated an “outperform” rating and issued a $86.00 target price (up previously from $85.00) on shares of BXP in a research note on Monday, June 23rd. Piper Sandler decreased their price target on BXP from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. UBS Group cut their price objective on BXP from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Finally, Jefferies Financial Group began coverage on BXP in a report on Monday, March 17th. They set a “buy” rating and a $78.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.08.

BXP Stock Down 1.8%

Shares of NYSE:BXP opened at $69.98 on Monday. The stock has a 50-day simple moving average of $68.86 and a 200-day simple moving average of $68.45. The stock has a market capitalization of $11.08 billion, a P/E ratio of -3,497.10, a PEG ratio of 5.83 and a beta of 1.15. BXP has a 1 year low of $54.22 and a 1 year high of $90.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.01). The company had revenue of $865.22 million during the quarter, compared to analysts’ expectations of $833.89 million. BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 EPS. Equities analysts forecast that BXP will post 6.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BXP. Canada Post Corp Registered Pension Plan acquired a new position in BXP during the 4th quarter valued at about $32,000. Sentry Investment Management LLC bought a new stake in shares of BXP during the first quarter valued at approximately $34,000. Huntington National Bank boosted its position in shares of BXP by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 263 shares during the period. Hurley Capital LLC bought a new position in BXP in the 4th quarter worth approximately $94,000. Finally, CX Institutional increased its position in BXP by 24.6% in the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 301 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.