BXP, Inc. (NYSE:BXP) Receives $77.71 Average Price Target from Brokerages

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 been given an average rating of "Hold" by the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $77.7143.

Several analysts recently weighed in on BXP shares. Wells Fargo & Company decreased their target price on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. UBS Group decreased their target price on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Truist Financial cut their price target on BXP from $75.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Scotiabank dropped their target price on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Monday, July 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in shares of BXP in the 2nd quarter worth $25,000. Canada Post Corp Registered Pension Plan bought a new position in shares of BXP in the 4th quarter worth $32,000. REAP Financial Group LLC boosted 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 purchasing an additional 311 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of BXP in the 1st quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of BXP in the 2nd quarter worth $43,000. 98.72% of the stock is currently owned by institutional investors.

BXP Stock Down 1.7%

NYSE BXP traded down $1.10 on Monday, reaching $64.41. The stock had a trading volume of 258,475 shares, compared to its average volume of 1,540,213. The business has a 50 day moving average price of $69.20 and a 200 day moving average price of $67.78. 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 1 year low of $54.22 and a 1 year high of $90.11. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 2,148.22, a P/E/G ratio of 3.52 and a beta of 1.17.

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

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, June 30th. BXP's dividend payout ratio (DPR) is presently 13,066.67%.

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.