BXP (NYSE:BXP) Price Target Raised to $86.00

BXP (NYSE:BXP - Get Free Report) had its price target raised by investment analysts at BMO Capital Markets from $85.00 to $86.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. BMO Capital Markets' price target points to a potential upside of 21.05% from the company's previous close.

BXP has been the topic of a number of other research reports. Scotiabank lowered their price target on BXP from $85.00 to $83.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Piper Sandler decreased their price objective on BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $72.00 to $78.00 in a research note on Monday. UBS Group cut their price target on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Barclays decreased their price target on BXP from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Two equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $79.54.

BXP Stock Performance

NYSE BXP traded down $0.42 on Monday, reaching $71.05. The stock had a trading volume of 2,169,485 shares, compared to its average volume of 1,496,127. 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 stock has a market cap of $11.25 billion, a P/E ratio of -3,550.57, a price-to-earnings-growth ratio of 5.84 and a beta of 1.16. The business's 50-day moving average price is $67.30 and its 200 day moving average price is $69.44. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 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 business had revenue of $865.22 million during the quarter, compared to analysts' expectations of $833.89 million. During the same quarter last year, the company earned $1.73 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that BXP will post 6.91 earnings per share for the current year.

Hedge Funds Weigh In On BXP

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

About BXP

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.