BXP's (BXP) "Outperform" Rating Reaffirmed at BMO Capital Markets

BXP (NYSE:BXP - Get Free Report)'s stock had its "outperform" rating reaffirmed by BMO Capital Markets in a report issued on Monday, MarketBeat.com reports. They presently have a $86.00 target price on the real estate investment trust's stock, up from their prior target price of $85.00. BMO Capital Markets' target price indicates a potential upside of 26.89% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group began coverage on shares of BXP in a research report on Monday, March 17th. They set a "buy" rating and a $78.00 price objective on the stock. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $72.00 to $78.00 in a report on Monday. Piper Sandler dropped their price target on BXP from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Barclays decreased their price objective on BXP from $89.00 to $79.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Finally, Truist Financial lowered their target price on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $79.54.

BXP Stock Up 1.7%

Shares of NYSE:BXP traded up $1.13 on Monday, hitting $67.77. 2,988,904 shares of the company's stock were exchanged, compared to its average volume of 1,341,421. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The company has a market capitalization of $10.73 billion, a PE ratio of -3,387.01, a P/E/G ratio of 5.45 and a beta of 1.16. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23. The firm's 50-day moving average is $67.66 and its 200 day moving average is $69.36.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.01). BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The company had revenue of $865.22 million during the quarter, compared to analyst estimates of $833.89 million. During the same quarter in the previous year, the company posted $1.73 EPS. The company's quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that BXP will post 6.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BXP. Canada Post Corp Registered Pension Plan purchased a new stake in shares of BXP in the fourth quarter valued at about $32,000. Sentry Investment Management LLC acquired a new position in shares of BXP during the 1st quarter worth approximately $34,000. Huntington National Bank raised its position in shares of BXP by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 263 shares during the last quarter. Hurley Capital LLC purchased a new stake in BXP in the 4th quarter valued at approximately $94,000. Finally, Brooklyn Investment Group grew its holdings in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 1,069 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Company Profile

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.