BMO Capital Markets Lowers BXP (NYSE:BXP) Price Target to $84.00

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 objective reduced by equities researchers at BMO Capital Markets from $86.00 to $84.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. BMO Capital Markets' target price points to a potential upside of 10.69% from the company's current price.

A number of other research firms have also recently commented on BXP. Morgan Stanley lifted their target price on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Scotiabank dropped their price target on BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Truist Financial cut their price target on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Evercore ISI downgraded BXP from an "outperform" rating to an "in-line" rating and set a $76.00 price objective for the company. in a report on Tuesday. Finally, The Goldman Sachs Group lowered their target price on shares of BXP from $76.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $76.07.

BXP Stock Down 1.2%

BXP stock opened at $75.89 on Tuesday. The stock has a market cap of $12.02 billion, a P/E ratio of 2,530.44, a PEG ratio of 4.24 and a beta of 1.22. 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 twelve month low of $54.22 and a twelve month high of $90.11. The company's 50 day moving average is $68.89 and its two-hundred day moving average is $67.58.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same quarter in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Research analysts expect that BXP will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BXP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new position in shares of BXP during the 2nd quarter worth approximately $25,000. MUFG Securities EMEA plc acquired a new position in BXP during the second quarter worth $29,000. REAP Financial Group LLC raised its position in BXP by 193.2% in the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 311 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in BXP in the first quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in BXP in the second quarter valued at $43,000. 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.

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