Brokerages Set BXP, Inc. (NYSE:BXP) Price Target at $73.05

BXP, Inc. (NYSE:BXP) has earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $71.65.

A number of equities research analysts have weighed in on the stock. Citigroup reduced their target price on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays reduced their target price on shares of BXP from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Truist Financial reduced their price objective on shares of BXP from $74.00 to $70.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Finally, Evercore set a $62.00 price objective on shares of BXP in a research note on Wednesday, April 29th.

BXP Price Performance

BXP stock opened at $58.48 on Wednesday. The company has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $62.86. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 2.53 and a beta of 1.04. BXP has a 1 year low of $49.72 and a 1 year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The business had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same period in the previous year, the firm earned $1.64 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Research analysts anticipate that BXP will post 6.96 EPS for the current fiscal year.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, March 31st. BXP’s dividend payout ratio is currently 140.70%.

Insider Activity at BXP

In other news, EVP Hilary J. Spann sold 5,495 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the sale, the executive vice president directly owned 17,832 shares of the company’s stock, valued at approximately $1,064,392.08. This represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BXP

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of BXP in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC boosted its stake in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of BXP in the 2nd quarter valued at $29,000. Avalon Trust Co bought a new stake in shares of BXP in the 3rd quarter valued at $36,000. Finally, Clearstead Advisors LLC boosted its stake in BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 268 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.