BXP, Inc. (NYSE:BXP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of BXP, Inc. (NYSE:BXP) have earned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $70.95.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Scotiabank upgraded shares of BXP from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $65.00 to $70.00 in a research note on Thursday, June 18th. Citigroup lowered 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. LADENBURG THALM/SH SH increased their target price on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group cut their price target on BXP from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, May 14th.

BXP Stock Performance

Shares of BXP opened at $66.72 on Thursday. The firm has a market cap of $10.64 billion, a PE ratio of 33.53, a PEG ratio of 2.96 and a beta of 1.01. The stock’s fifty day moving average price is $62.76 and its two-hundred day moving average price is $61.05. 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 has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities research analysts forecast that BXP will post 6.95 EPS for the current year.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.2%. BXP’s dividend payout ratio is 140.70%.

Insiders Place Their Bets

In other news, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer directly owned 5,839 shares in the company, 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 sold a total of 33,176 shares of company stock worth $2,151,552 in the last quarter. 1.50% of the stock is owned by company insiders.

Institutional Trading of BXP

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in BXP in the 4th quarter valued at $689,419,000. Cohen & Steers Inc. increased its holdings in shares of BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of BXP by 32,286.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after purchasing an additional 1,883,282 shares during the period. Invesco Ltd. raised its position in shares of BXP by 44.9% in the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of BXP by 52.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after buying an additional 1,053,938 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

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.