BXP, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Brokerages

Shares of BXP, Inc. (NYSE:BXP) have been assigned an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $77.8824.

BXP has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on shares of BXP from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of BXP in a report on Saturday, September 27th. Compass Point lowered BXP from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Wednesday, September 10th. Cantor Fitzgerald started coverage on BXP in a research report on Wednesday. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded BXP from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $78.00 in a research note on Monday, June 23rd.

BXP Stock Down 0.1%

BXP opened at $75.57 on Tuesday. The company has a market capitalization of $11.97 billion, a P/E ratio of 2,519.77, a P/E/G ratio of 7.93 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The firm’s fifty day moving average price is $71.27 and its two-hundred day moving average price is $68.63. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, analysts anticipate that BXP will post 6.91 EPS for the current year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. BXP’s payout ratio is 9,333.33%.

Institutional Trading of BXP

Several hedge funds have recently modified their holdings of BXP. Norges Bank acquired a new position in shares of BXP in the 2nd quarter worth approximately $686,886,000. Vanguard Group Inc. raised its position in BXP by 4.3% in the 2nd 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 purchasing an additional 1,016,579 shares during the last quarter. Franklin Resources Inc. raised its position in BXP by 354.0% in the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock valued at $58,711,000 after purchasing an additional 678,529 shares during the last quarter. Bamco Inc. NY acquired a new position in BXP in the second quarter worth $38,580,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust’s stock worth $76,787,000 after purchasing an additional 472,221 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.