BXP (NYSE:BXP) Price Target Raised to $87.00

BXP (NYSE:BXP) had its price objective upped by JPMorgan Chase & Co. from $79.00 to $87.00 in a research report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts have also commented on the stock. Wells Fargo & Company raised their price target on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of BXP from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Barclays boosted their price objective on BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Citigroup boosted their target price on shares of BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.79.

BXP Stock Down 0.4%

Shares of BXP opened at $70.03 on Tuesday. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.63 and a beta of 1.01. BXP has a 52 week low of $49.72 and a 52 week high of $79.33. The stock’s 50-day moving average price is $68.34 and its 200-day moving average price is $61.63. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 earnings per share. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, sell-side analysts predict that BXP will post 7.03 EPS for the current year.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is 150.54%.

Insider Transactions at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BXP. Elyxium Wealth LLC purchased a new position in shares of BXP in the 4th quarter valued at $25,000. MUFG Securities EMEA plc acquired a new position in shares of BXP during the second quarter worth about $29,000. Clearstead Advisors LLC raised its stake in shares of BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 268 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in BXP in the second quarter valued at $41,000. Finally, State of Wyoming boosted its holdings in BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 193 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

About BXP

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.