BXP, Inc. (NYSE:BXP) Receives Consensus Rating of "Hold" from Analysts

BXP, Inc. (NYSE:BXP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $79.09.

Several equities analysts have weighed in on the company. UBS Group dropped their price target on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of BXP from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Barclays decreased their price objective on BXP from $89.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Scotiabank decreased their price target on BXP from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, Piper Sandler decreased their target price on shares of BXP from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th.

BXP Stock Performance

Shares of BXP opened at $71.61 on Friday. The firm has a market cap of $11.34 billion, a PE ratio of -3,578.66, a price-to-earnings-growth ratio of 5.84 and a beta of 1.16. The company's 50 day simple moving average is $67.30 and its 200-day simple moving average is $69.51. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 2.04. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). The business had revenue of $865.22 million during 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%. BXP's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. As a group, equities analysts predict that BXP will post 6.91 EPS for the current year.

BXP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.47%. BXP's payout ratio is -19,600.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BXP. Canada Post Corp Registered Pension Plan acquired a new position in BXP during the 4th quarter worth approximately $32,000. Sentry Investment Management LLC acquired a new stake in BXP during the 1st quarter valued at approximately $34,000. Huntington National Bank raised its position in shares of BXP by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 263 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of BXP during the fourth quarter worth approximately $94,000. Finally, Brooklyn Investment Group raised its holdings in BXP by 124.6% in the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,069 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

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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