BXP, Inc. (NYSE:BXP) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately positive: Twenty brokerages give BXP an average “Moderate Buy” rating, with 11 buys and 9 holds. The average 12-month price target is $74.58, above the reported $67.86 share price.
• BXP exceeded quarterly expectations: The REIT reported adjusted earnings of $0.43 per share versus a $0.40 consensus estimate, while revenue reached $895.7 million, up 3.1% year over year and above forecasts.
• The company maintains an attractive dividend but carries a high payout: BXP pays a quarterly dividend of $0.70 per share, or $2.80 annually, representing a 4.1% yield; its payout ratio is 150.54%.

BXP, Inc. (NYSE:BXP - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty brokerages that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $74.5789.

A number of research firms recently issued reports on BXP. Truist Financial dropped their target price on shares of BXP from $70.00 to $64.00 and set a "hold" rating for the company in a research report on Tuesday, May 26th. Citigroup increased their price objective on shares of BXP from $58.00 to $69.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of BXP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of BXP in a research report on Wednesday, August 12th. Finally, Evercore set a $68.00 price objective on BXP in a research report on Monday, July 6th.

Insider Transactions at BXP

In other news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Trading of BXP

Hedge funds and other institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group grew its stake in shares of BXP by 4.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 4,280 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 175 shares during the period. Keybank National Association OH lifted its position in shares of BXP by 5.4% during the 4th quarter. Keybank National Association OH now owns 3,578 shares of the real estate investment trust's stock worth $241,000 after buying an additional 183 shares during the period. State of Wyoming lifted its position in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock worth $42,000 after buying an additional 193 shares during the period. Minot DeBlois Advisors LLC boosted its stake in BXP by 2.5% in the 4th quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust's stock valued at $533,000 after buying an additional 196 shares in the last quarter. Finally, Rexford Capital Inc. boosted its stake in BXP by 11.9% in the 4th quarter. Rexford Capital Inc. now owns 1,876 shares of the real estate investment trust's stock valued at $127,000 after buying an additional 200 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Stock Up 1.0%

Shares of NYSE BXP opened at $67.86 on Friday. The stock has a market capitalization of $10.83 billion, a PE ratio of 36.48, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The firm has a fifty day moving average of $67.85 and a 200-day moving average of $61.40. BXP has a 52-week low of $49.72 and a 52-week high of $79.33.

BXP (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analysts' expectations of $858.07 million. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 earnings per share. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, analysts anticipate that BXP will post 7.03 EPS for the current year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a yield of 4.1%. BXP's payout ratio is 150.54%.

BXP Company Profile

Boston Properties, Inc NYSE: BXP is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company's portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.

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