Brokerages Set BXP, Inc. (NYSE:BXP) Price Target at $70.65

Shares of BXP, Inc. (NYSE:BXP) have been given a consensus recommendation of “Hold” by the twenty-one brokerages that are currently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $70.65.

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $61.00 target price on shares of BXP in a research report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $68.00 price objective on shares of BXP in a research note on Tuesday, June 2nd. Wells Fargo & Company upped their price objective on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. UBS Group lowered their price objective on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. dropped their target price on BXP from $82.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st.

Insider Buying and Selling

In other news, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the transaction, the senior vice president directly owned 311 shares in the company, valued at approximately $18,613.35. This represents a 86.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,176 shares of company stock valued at $2,151,552 in the last ninety days. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On BXP

Several hedge funds have recently bought and sold shares of the business. Boothe Investment Group Inc. increased its stake in BXP by 13.4% in the first quarter. Boothe Investment Group Inc. now owns 32,748 shares of the real estate investment trust’s stock worth $1,700,000 after purchasing an additional 3,860 shares during the period. Bank of America Corp DE grew its holdings in shares of BXP by 10.1% in the first quarter. Bank of America Corp DE now owns 2,693,376 shares of the real estate investment trust’s stock worth $139,786,000 after purchasing an additional 248,182 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of BXP by 481.7% in the first quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust’s stock worth $3,626,000 after purchasing an additional 57,889 shares during the last quarter. Adelante Capital Management LLC increased its stake in BXP by 4.0% in the 1st quarter. Adelante Capital Management LLC now owns 78,363 shares of the real estate investment trust’s stock worth $4,067,000 after buying an additional 3,000 shares during the period. Finally, Empowered Funds LLC increased its stake in BXP by 5.5% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 390 shares during the period. Institutional investors own 98.72% of the company’s stock.

BXP Stock Up 1.0%

Shares of BXP opened at $66.16 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.83 and a beta of 1.04. BXP has a 1 year low of $49.72 and a 1 year high of $79.33. The business’s 50 day simple moving average is $58.39 and its 200-day simple moving average is $61.65.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The business had revenue of $872.15 million during the quarter, compared to the consensus estimate of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, equities analysts expect that BXP will post 6.95 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.2%. BXP’s payout ratio is currently 140.70%.

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.