BXP (NYSE:BXP) Given New $73.00 Price Target at Scotiabank

Key Points

• Scotiabank lowered BXP’s price target to $73 from $76 while maintaining a “sector outperform” rating, implying 14.36% potential upside from the stock’s $63.83 price.
• Analyst sentiment remains generally positive: BXP has 11 Buy ratings and eight Holds, with a consensus rating of “Moderate Buy” and an average price target of $75.11.
• BXP recently exceeded quarterly earnings and revenue estimates, reporting $0.43 EPS versus $0.40 expected and $895.7 million in revenue; institutional investors own 98.72% of the company’s shares.

BXP (NYSE:BXP - Get Free Report) had its price objective reduced by analysts at Scotiabank from $76.00 to $73.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price objective would suggest a potential upside of 14.36% from the stock's current price.

A number of other brokerages have also weighed in on BXP. Evercore set a $68.00 price objective on BXP in a report on Monday, July 6th. Mizuho upped their target price on shares of BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their target price on shares of BXP from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. raised their price target on shares of BXP from $79.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 25th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $68.00 price objective on shares of BXP in a research note on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, BXP presently has an average rating of "Moderate Buy" and a consensus price target of $75.11.

BXP Price Performance

Shares of BXP traded down $0.21 during mid-day trading on Thursday, hitting $63.83. 217,498 shares of the company were exchanged, compared to its average volume of 1,889,759. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.01. BXP has a 1-year low of $49.72 and a 1-year high of $78.23. The company has a 50 day moving average of $68.14 and a 200-day moving average of $62.09. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.BXP's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous 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. Analysts expect that BXP will post 7.02 EPS for the current fiscal year.

Institutional Trading of BXP

Several institutional investors have recently made changes to their positions in BXP. Fisher Asset Management LLC raised its position in BXP by 30.7% in the fourth quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust's stock valued at $22,084,000 after purchasing an additional 76,946 shares during the period. Janus Henderson Group PLC grew its holdings in shares of BXP by 481.7% during the 1st quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust's stock worth $3,626,000 after purchasing an additional 57,889 shares during the period. DJE Kapital AG purchased a new position in shares of BXP during the 4th quarter worth $2,792,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of BXP during the 1st quarter worth about $4,938,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of BXP by 2,555.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 212,549 shares of the real estate investment trust's stock worth $14,343,000 after purchasing an additional 204,544 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

BXP Company Profile

BXP, Inc NYSE: BXP, formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company's portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.

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