BXP, Inc. (NYSE:BXP) Receives Average Rating of “Hold” from Brokerages

Shares of BXP, Inc. (NYSE:BXP) have been given an average rating of “Hold” by the twenty-two research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.15.

Several equities research analysts have weighed in on BXP shares. JPMorgan Chase & Co. raised shares of BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price target for the company in a research note on Friday, October 17th. Barclays decreased their target price on BXP from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Monday, December 1st. Citigroup dropped their price target on BXP from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. LADENBURG THALM/SH SH started coverage on BXP in a research note on Monday, October 13th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a report on Thursday, December 4th.

Insider Buying and Selling at BXP

In related news, CFO Michael E. Labelle sold 13,422 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer owned 9,223 shares of the company’s stock, valued at approximately $667,191.82. This trade represents a 59.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total value of $2,621,144.52. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,710 shares of company stock valued at $5,107,771 over the last ninety days. 1.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P purchased a new stake in BXP in the 2nd quarter valued at $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP in the third quarter valued at about $27,000. MUFG Securities EMEA plc bought a new position in shares of BXP during the second quarter valued at about $29,000. REAP Financial Group LLC boosted its holdings in BXP by 193.2% during the second 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. Finally, Avalon Trust Co bought a new stake in BXP in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Trading Down 1.6%

Shares of BXP stock opened at $66.90 on Thursday. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. The stock has a 50 day simple moving average of $69.84 and a two-hundred day simple moving average of $70.60. The company has a market cap of $10.60 billion, a P/E ratio of -52.67, a PEG ratio of 7.97 and a beta of 1.01.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping the consensus estimate of $1.72 by $0.02. The company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Research analysts forecast that BXP will post 6.91 earnings per share for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. BXP’s payout ratio is -220.47%.

BXP Company Profile

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.