BXP, Inc. (NYSE:BXP) Receives $77.71 Consensus PT from Brokerages

BXP, Inc. (NYSE:BXP) has received an average rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $77.7143.

Several research firms have recently issued reports on BXP. Morgan Stanley upped their target price on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised BXP from an “underweight” rating to a “neutral” rating and upped their target price for the company from $72.00 to $78.00 in a report on Monday, June 23rd. Piper Sandler reduced their target price on BXP from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, August 4th. UBS Group reduced their target price on BXP from $80.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BXP in a research note on Monday, June 23rd.

BXP Stock Performance

BXP stock opened at $65.55 on Monday. The firm has a market cap of $10.38 billion, a PE ratio of 2,185.83, a P/E/G ratio of 3.52 and a beta of 1.17. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average of $69.20 and a 200-day moving average of $67.78. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP) last released 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 company had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%. BXP’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, sell-side analysts expect that BXP will post 6.91 earnings per share for the current year.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a dividend of $0.98 per share. The ex-dividend date was Monday, June 30th. This represents a $3.92 annualized dividend and a dividend yield of 6.0%. BXP’s dividend payout ratio is currently 13,066.67%.

Institutional Investors Weigh In On BXP

Institutional investors have recently made changes to their positions in the stock. Pacific Heights Asset Management LLC lifted its position in shares of BXP by 66.7% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $6,719,000 after acquiring an additional 40,000 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of BXP by 98.3% during the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock worth $7,281,000 after acquiring an additional 53,727 shares in the last quarter. Tredje AP fonden lifted its position in shares of BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock worth $7,251,000 after acquiring an additional 95,948 shares in the last quarter. Deutsche Bank AG lifted its position in shares of BXP by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock worth $70,612,000 after acquiring an additional 222,284 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of BXP during the fourth quarter worth $32,000. Hedge funds and other institutional investors 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.