BXP, Inc. (NYSE:BXP) Receives $79.26 Consensus PT from Analysts

BXP, Inc. (NYSE:BXP) has received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $79.2632.

A number of equities analysts have recently weighed in on BXP shares. 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 report on Wednesday, August 27th. New Street Research set a $85.00 target price on BXP in a research report on Monday, October 13th. Truist Financial upped their target price on BXP from $71.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, September 10th. UBS Group increased their price target on BXP from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Finally, Morgan Stanley increased their price target on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th.

BXP Price Performance

Shares of NYSE:BXP opened at $74.51 on Friday. 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 twelve month low of $54.22 and a twelve month high of $88.72. The stock’s 50 day moving average is $73.33 and its 200-day moving average is $69.49. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 2,484.53, a PEG ratio of 7.76 and a beta of 1.22.

BXP (NYSE:BXP) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same period in the prior year, the firm earned $1.77 earnings per share. BXP’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts forecast that BXP will post 6.91 EPS for the current fiscal year.

BXP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP’s dividend payout ratio is presently 9,333.33%.

Institutional Investors Weigh In On BXP

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp raised its position in BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 145 shares during the last quarter. Benjamin Edwards Inc. grew its stake in BXP by 2.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 159 shares during the period. CVA Family Office LLC grew its stake in BXP by 12.4% in the 2nd quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 226 shares during the period. O ROURKE & COMPANY Inc grew its stake in BXP by 3.8% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,147 shares of the real estate investment trust’s stock valued at $457,000 after purchasing an additional 226 shares during the period. Finally, Venture Visionary Partners LLC grew its stake in BXP by 3.1% in the 2nd quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust’s stock valued at $520,000 after purchasing an additional 230 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.