BXP, Inc. (NYSE:BXP) Given Average Rating of "Hold" by Brokerages

Shares of BXP, Inc. (NYSE:BXP - Get Free Report) have been given an average rating of "Hold" by the fourteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $78.07.

Several research firms recently commented on BXP. Morgan Stanley upped their price target on shares of BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday. BMO Capital Markets reissued an "outperform" rating and issued a $86.00 price objective (up from $85.00) on shares of BXP in a research note on Monday, June 23rd. UBS Group dropped their price objective on shares of BXP from $80.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Truist Financial dropped their price objective on shares of BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Finally, Scotiabank dropped their price objective on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Monday.

BXP Stock Down 0.1%

BXP stock traded down $0.08 during trading on Thursday, reaching $68.95. The stock had a trading volume of 1,368,512 shares, compared to its average volume of 1,505,912. BXP has a 52-week low of $54.22 and a 52-week high of $90.11. The business has a 50 day moving average price of $69.09 and a 200 day moving average price of $68.42. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The stock has a market cap of $10.92 billion, a PE ratio of -3,445.78, a P/E/G ratio of 5.74 and a beta of 1.15.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.01). The company had revenue of $865.22 million for the quarter, compared to analysts' expectations of $833.89 million. BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS. On average, analysts predict that BXP will post 6.91 EPS for the current year.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.98 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.92 dividend on an annualized basis and a yield of 5.69%. BXP's dividend payout ratio (DPR) is -19,600.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Deutsche Bank AG lifted its holdings in BXP by 30.6% in the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock valued at $70,612,000 after purchasing an additional 222,284 shares in the last quarter. Nuveen LLC purchased a new position in shares of BXP during the 1st quarter worth about $14,737,000. Raymond James Financial Inc. purchased a new position in shares of BXP during the 4th quarter worth about $8,994,000. Tredje AP fonden lifted its holdings in shares of BXP by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock worth $7,251,000 after acquiring an additional 95,948 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in shares of BXP by 98.3% during the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after acquiring an additional 53,727 shares during the period. 98.72% of the stock is currently owned by hedge funds and other 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.