BXP (NYSE:BXP) Raised to Hold at Wall Street Zen

BXP (NYSE:BXP) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also weighed in on BXP. Barclays increased their target price on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Mizuho boosted their price target on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of BXP in a report on Tuesday, June 2nd. Scotiabank upped their price objective on BXP from $74.00 to $76.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BXP in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.58.

BXP Stock Performance

Shares of BXP stock opened at $68.42 on Friday. BXP has a 52 week low of $49.72 and a 52 week high of $79.33. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 2.56 and a beta of 1.01. The company has a 50-day simple moving average of $67.75 and a 200 day simple moving average of $61.34. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 EPS. 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 earnings per share for the current year.

Insider Buying and Selling

In other BXP news, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the transaction, the senior vice president directly owned 311 shares of the company’s stock, valued at $18,613.35. The trade was a 86.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,176 shares of company stock valued at $2,151,552 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BXP. Jupiter Topco LLC acquired a new position in BXP in the second quarter valued at about $4,636,000. J. Goldman & Co LP bought a new stake in BXP during the second quarter worth about $4,004,000. Hsbc Holdings PLC acquired a new stake in BXP during the second quarter worth about $50,793,000. Legal & General Group Plc acquired a new stake in BXP during the second quarter worth about $83,987,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in BXP during the second quarter worth about $8,165,000. Institutional investors own 98.72% of the company’s stock.

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.