BXP, Inc. (NYSE:BXP) Receives $77.13 Consensus Target Price from Analysts

BXP, Inc. (NYSE:BXP) has been given an average rating of “Hold” by the eighteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $77.8824.

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on BXP from $67.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Wells Fargo & Company lowered their target price on BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 27th. Cantor Fitzgerald started coverage on shares of BXP in a research report on Wednesday. They issued an “overweight” rating and a $90.00 price target for the company. Evercore ISI boosted their price objective on shares of BXP from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. Finally, Citigroup increased their target price on shares of BXP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th.

Hedge Funds Weigh In On BXP

A number of hedge funds have recently added to or reduced their stakes in BXP. GAMMA Investing LLC increased its holdings in shares of BXP by 15.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,957 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 813 shares during the last quarter. Corient Private Wealth LLC grew its position in BXP by 30.9% during the second quarter. Corient Private Wealth LLC now owns 38,092 shares of the real estate investment trust’s stock worth $2,570,000 after buying an additional 9,001 shares in the last quarter. Squarepoint Ops LLC increased its stake in BXP by 99.3% during the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after acquiring an additional 56,104 shares during the period. Thrivent Financial for Lutherans increased its stake in BXP by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 21,351 shares of the real estate investment trust’s stock valued at $1,441,000 after acquiring an additional 838 shares during the period. Finally, Rexford Capital Inc. acquired a new position in BXP in the 2nd quarter valued at approximately $96,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Stock Down 0.1%

Shares of NYSE:BXP opened at $75.57 on Tuesday. The firm has a 50 day simple moving average of $71.27 and a 200 day simple moving average of $68.63. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The company has a market cap of $11.97 billion, a PE ratio of 2,519.77, a price-to-earnings-growth ratio of 7.93 and a beta of 1.22.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The firm had revenue of $868.46 million for the quarter, compared to analysts’ expectations of $845.09 million. During the same period in the previous year, the company posted $1.77 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, research analysts expect that BXP will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

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

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.