BXP (NYSE:BXP) Price Target Raised to $76.00

BXP (NYSE:BXP) had its target price increased by Scotiabank from $74.00 to $76.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the company. Citigroup boosted their price objective on BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Mizuho lifted their price objective on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Wall Street Zen cut BXP from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.58.

BXP Stock Up 1.2%

NYSE:BXP opened at $69.61 on Wednesday. BXP has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 3.91. The stock has a market capitalization of $11.10 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.57 and a beta of 1.01. The company’s 50-day simple moving average is $67.04 and its 200-day simple moving average is $61.29.

BXP (NYSE:BXP) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $895.70 million during 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%. BXP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business 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, equities analysts anticipate that BXP will post 7.02 earnings per share for the current fiscal year.

BXP Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value 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 represents a 81.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total transaction of $119,700.00. Following the transaction, the senior vice president owned 311 shares in the company, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BXP

A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. EverSource Wealth Advisors LLC lifted its stake in shares of BXP by 29.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 257 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of BXP by 45.7% during the 2nd quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after acquiring an additional 12,660 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of BXP by 29.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 2,089 shares during the period. Jump Financial LLC boosted its position in shares of BXP by 276.0% during the 2nd quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 34,544 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of BXP by 99.3% in the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock worth $7,597,000 after purchasing an additional 56,104 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.