BXP (NYSE:BXP) Price Target Cut to $84.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets has reduced the price target for BXP from $86.00 to $84.00, while maintaining an "outperform" rating, indicating a potential upside of 10.69% from its current price.
• Other research firms, including Morgan Stanley and Scotiabank, have lowered their target prices for BXP, with an average target price now sitting at $76.07.
• BXP's recent earnings report showed an EPS of $1.71, slightly above analysts' expectations, with revenues up 2.1% year-over-year, highlighting the company's performance amidst evolving market conditions.

BXP (NYSE:BXP - Get Free Report) had its price target cut by stock analysts at BMO Capital Markets from $86.00 to $84.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. BMO Capital Markets' target price would suggest a potential upside of 8.61% from the stock's previous close.

A number of other equities analysts also recently weighed in on BXP. Scotiabank lowered their target price on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Morgan Stanley boosted their target price on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Piper Sandler lowered their target price on shares of BXP from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Evercore ISI downgraded shares of BXP from an "outperform" rating to an "in-line" rating and set a $76.00 target price on the stock. in a report on Tuesday, September 9th. Finally, Mizuho lowered their target price on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.06.

BXP Stock Up 1.5%

Shares of NYSE BXP traded up $1.11 during midday trading on Tuesday, reaching $77.34. The company's stock had a trading volume of 2,141,888 shares, compared to its average volume of 1,590,913. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 2,578.89, a PEG ratio of 4.21 and a beta of 1.22. The stock has a 50 day simple moving average of $69.41 and a 200-day simple moving average of $67.75.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. During the same period last year, the company earned $1.77 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Equities research analysts predict that BXP will post 6.91 earnings per share for the current year.

Hedge Funds Weigh In On BXP

Institutional investors and hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new stake in shares of BXP in the second quarter valued at about $25,000. MUFG Securities EMEA plc bought a new stake in shares of BXP in the second quarter valued at about $29,000. REAP Financial Group LLC boosted its position in shares of BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 311 shares during the period. Sentry Investment Management LLC bought a new stake in shares of BXP in the first quarter valued at about $34,000. Finally, Rothschild Investment LLC boosted its position in shares of BXP by 67.1% in the second quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 255 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.