BXP (NYSE:BXP) Price Target Lowered to $84.00 at BMO Capital Markets

BXP (NYSE:BXP) had its price objective lowered by BMO Capital Markets from $86.00 to $84.00 in a research note released on Tuesday, MarketBeat Ratings reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also commented on the company. Morgan Stanley upped their price objective on BXP from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company decreased their price objective on BXP from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group decreased their price objective on BXP from $76.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Scotiabank decreased their price objective on BXP from $81.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised BXP from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $72.00 to $78.00 in a report on Monday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.06.

BXP Stock Up 3.3%

BXP opened at $76.32 on Tuesday. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The stock’s fifty day simple moving average is $69.24 and its 200 day simple moving average is $67.71. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. The stock has a market cap of $12.09 billion, a PE ratio of 2,544.85, a price-to-earnings-growth ratio of 4.08 and a beta of 1.22.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating 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 business had revenue of $868.46 million for the quarter, compared to analysts’ expectations of $845.09 million. During the same quarter in the prior year, the business earned $1.77 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, research analysts expect that BXP will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 3.7%. BXP’s dividend payout ratio (DPR) is 9,333.33%.

Institutional Trading of BXP

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after buying an additional 1,016,579 shares in the last quarter. State Street Corp boosted its stake in BXP by 1.7% in the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock valued at $782,337,000 after buying an additional 186,269 shares in the last quarter. Norges Bank acquired a new stake in BXP in the second quarter valued at about $686,886,000. Geode Capital Management LLC boosted its stake in BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after buying an additional 68,481 shares in the last quarter. Finally, Boston Partners boosted its stake in BXP by 15.5% in the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock valued at $203,020,000 after buying an additional 403,090 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) (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.