JPMorgan Chase & Co. Raises BXP (NYSE:BXP) Price Target to $87.00

Key Points

• JPMorgan raised its BXP price target to $87 from $79 and maintained an “overweight” rating, implying approximately 24.3% upside from the reported current price.
• Analyst sentiment is broadly positive: BXP has 11 Buy ratings and 9 Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $74.68.
• BXP recently reported quarterly EPS of $0.43, exceeding the $0.40 estimate, while revenue of $895.7 million also surpassed expectations and increased 3.1% year over year.

BXP (NYSE:BXP - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $79.00 to $87.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 24.30% from the stock's current price.

Several other equities analysts have also commented on BXP. BMO Capital Markets reiterated an "outperform" rating and issued a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BXP in a research report on Wednesday, August 12th. Mizuho upped their target price on shares of BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, LADENBURG THALM/SH SH increased their target price on shares of BXP from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $74.68.

BXP Stock Up 3.4%

Shares of NYSE BXP opened at $69.99 on Tuesday. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The business has a 50-day moving average of $67.96 and a two-hundred day moving average of $61.48. BXP has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same quarter in the prior year, the business posted $1.71 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. 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, analysts forecast that BXP will post 7.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares of the company's stock, valued at $387,417.65. The trade was a 81.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BXP. Elyxium Wealth LLC purchased a new stake in shares of BXP in the fourth quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in shares of BXP during the second quarter worth about $29,000. Clearstead Advisors LLC grew its holdings in shares of 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 buying an additional 268 shares during the last quarter. Silvant Capital Management LLC acquired a new position in BXP in the 2nd quarter valued at about $41,000. Finally, State of Wyoming increased its position in BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 193 shares during the period. 98.72% of the stock is owned by hedge funds and other 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.

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