Piper Sandler Has Lowered Expectations for BXP (NYSE:BXP) Stock Price

Key Points

• Piper Sandler lowered its price target for BXP from $88 to $72 while maintaining an “overweight” rating, implying roughly 21% upside from the reported closing price.
• BXP shares rose 0.5% to $59.34, while analysts collectively maintain a “Moderate Buy” consensus and an average price target of $74.28.
• BXP exceeded quarterly earnings and revenue expectations, and institutional investors own 98.72% of its shares, with several large funds recently increasing or initiating positions.

BXP (NYSE:BXP - Get Free Report) had its price objective lowered by research analysts at Piper Sandler from $88.00 to $72.00 in a research note issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's target price would indicate a potential upside of 21.34% from the stock's previous close.

Several other equities analysts have also commented on BXP. Mizuho increased their price objective on shares of BXP from $62.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BXP in a research note on Wednesday, August 12th. Wall Street Zen raised shares of BXP from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. LADENBURG THALM/SH SH upped their price target on shares of BXP from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $70.00 price target on shares of BXP in a report on Sunday. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, BXP currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.28.

BXP Stock Up 0.5%

NYSE:BXP traded up $0.28 during mid-day trading on Monday, hitting $59.34. 89,255 shares of the company's stock traded hands, compared to its average volume of 1,858,818. The company has a fifty day moving average of $65.63 and a 200 day moving average of $63.02. BXP has a twelve month low of $49.72 and a twelve month high of $74.96. The company has a market capitalization of $9.47 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.50 and a beta of 1.03. 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 released its quarterly earnings results 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 company had revenue of $895.70 million during the quarter, compared to analysts' expectations of $858.07 million. During the same period last year, the business posted $1.71 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. 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 7.02 EPS for the current year.

Institutional Investors Weigh In On BXP

Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in BXP by 481.7% in the first quarter. Janus Henderson Group PLC now owns 69,907 shares of the real estate investment trust's stock valued at $3,626,000 after acquiring an additional 57,889 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in BXP in the 2nd quarter worth approximately $6,774,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of BXP during the 1st quarter valued at approximately $4,938,000. Hsbc Holdings PLC increased its holdings in shares of BXP by 18.9% during the 4th quarter. Hsbc Holdings PLC now owns 776,982 shares of the real estate investment trust's stock valued at $52,438,000 after purchasing an additional 123,301 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of BXP in the 2nd quarter valued at $63,769,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

About BXP

BXP, Inc NYSE: BXP, formerly known as Boston Properties, is a real estate investment trust that owns, develops, acquires and manages primarily office properties. The company focuses on high-quality commercial real estate in major U.S. business markets and serves corporate tenants across a range of industries.

The company's portfolio includes office buildings, mixed-use developments and life science properties, as well as select residential assets. BXP also provides property management, leasing and development services associated with its real estate holdings.

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