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

Key Points

• BXP, Inc. has received an average recommendation of "Hold" from analysts, with one sell, ten hold, and eight buy ratings and a target price averaging $79.26.
• The company reported quarterly earnings of $1.71 EPS, surpassing estimates, and has announced a quarterly dividend of $0.70, yielding 3.8% annually.
• Institutional investors hold 98.72% of BXP's stock, reflecting strong institutional interest and confidence in the company.

BXP, Inc. (NYSE:BXP - Get Free Report) has been given an average rating of "Hold" by the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $79.2632.

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on BXP in a report on Wednesday, October 1st. They issued an "overweight" rating and a $90.00 target price for the company. Compass Point downgraded BXP from a "buy" rating to a "neutral" rating and set a $75.00 target price for the company. in a report on Wednesday, September 10th. The Goldman Sachs Group set a $77.00 target price on BXP and gave the stock a "neutral" rating in a report on Friday, October 17th. Wall Street Zen downgraded BXP from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Finally, Evercore ISI lifted their target price on BXP from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday, September 29th.

BXP Price Performance

BXP stock opened at $74.19 on Friday. The stock's 50 day moving average is $73.15 and its 200 day moving average is $69.26. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. The firm has a market cap of $11.75 billion, a P/E ratio of 2,473.69, a P/E/G ratio of 7.72 and a beta of 1.22. BXP has a one year low of $54.22 and a one year high of $88.72.

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

BXP Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 30th. BXP's payout ratio is presently 9,333.33%.

Institutional Investors Weigh In On BXP

Several hedge funds and other institutional investors have recently modified their holdings of the company. Truist Financial Corp increased its holdings in shares of BXP by 1.2% during the second quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust's stock valued at $809,000 after acquiring an additional 145 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of BXP by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust's stock valued at $487,000 after acquiring an additional 159 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of BXP by 12.4% during the second quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 226 shares in the last quarter. O ROURKE & COMPANY Inc increased its holdings in shares of BXP by 3.8% during the third quarter. O ROURKE & COMPANY Inc now owns 6,147 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 226 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its holdings in shares of BXP by 3.1% during the second quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust's stock valued at $520,000 after acquiring an additional 230 shares in the last quarter. Institutional investors 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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