BXP, Inc. (NYSE:BXP) Given Average Recommendation of "Hold" by Analysts

Key Points

• BXP, Inc. received an average rating of "Hold" from 14 research firms, with one sell, six hold, and seven buy ratings.
• The average 12-month target price for BXP stock among analysts is $77.71, with recent price adjustments from UBS, Morgan Stanley, Piper Sandler, and Mizuho reflecting a cautious outlook.
• BXP reported $1.71 earnings per share for the last quarter, surpassing analysts' expectations, along with a dividend yield of 6.2% following a recent dividend payout.

Shares of BXP, Inc. (NYSE:BXP - Get Free Report) have earned a consensus rating of "Hold" from the fourteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $77.7143.

A number of equities analysts recently weighed in on BXP shares. UBS Group decreased their price objective on BXP from $80.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Morgan Stanley raised their price objective on BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Piper Sandler decreased their price objective on BXP from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Mizuho decreased their price objective on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Finally, Wall Street Zen raised BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.

BXP Stock Performance

NYSE:BXP opened at $63.28 on Monday. The business's 50-day moving average price is $69.56 and its two-hundred day moving average price is $67.91. BXP has a twelve month low of $54.22 and a twelve month high of $90.11. The stock has a market cap of $10.02 billion, a P/E ratio of 2,110.00, a PEG ratio of 3.49 and a beta of 1.17. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. The company had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%. BXP's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.77 EPS. As a group, equities analysts predict that BXP will post 6.91 EPS for the current fiscal year.

BXP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, June 30th. BXP's dividend payout ratio (DPR) is currently 13,066.67%.

Institutional Investors Weigh In On BXP

A number of large investors have recently made changes to their positions in BXP. Canada Post Corp Registered Pension Plan bought a new stake in shares of BXP in the 4th quarter worth approximately $32,000. REAP Financial Group LLC grew its position in shares of BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after buying an additional 311 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of BXP in the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of BXP in the 2nd quarter worth approximately $43,000. Finally, Assetmark Inc. grew its position in shares of BXP by 143.7% in the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust's stock worth $83,000 after buying an additional 723 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

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.

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