The Goldman Sachs Group Increases BXP (NYSE:BXP) Price Target to $76.00

BXP (NYSE:BXP) had its price target lifted by The Goldman Sachs Group from $67.00 to $76.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on BXP. Citigroup upped their price target on BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday. Piper Sandler upped their price target on BXP from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday. Compass Point lowered BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Wednesday. Mizuho dropped their price target on BXP from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Monday, July 14th. Finally, BMO Capital Markets dropped their price target on BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.06.

BXP Stock Up 3.3%

Shares of BXP stock opened at $76.32 on Thursday. The stock’s fifty day moving average is $69.24 and its 200-day moving average is $67.71. The firm has a market capitalization of $12.09 billion, a PE ratio of 2,544.85, a price-to-earnings-growth ratio of 4.08 and a beta of 1.22. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for 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 previous year, the firm earned $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities analysts anticipate that BXP will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s dividend payout ratio is presently 9,333.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new position in BXP in the 2nd quarter worth about $25,000. MUFG Securities EMEA plc acquired a new position in BXP in the 2nd quarter worth about $29,000. REAP Financial Group LLC increased its position in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 311 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of BXP during the 1st quarter worth about $34,000. Finally, Rothschild Investment LLC boosted its stake in shares of BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 255 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.