BXP (NYSE:BXP) Downgraded by Wall Street Zen to Sell

Key Points

• BXP has been **downgraded** by Wall Street Zen from a "hold" to a "sell" rating as of a recent research note issued on Saturday.
• Stock analysts have mixed opinions on BXP, with five analysts rating it as "Buy," ten as "Hold," and one as "Sell," leading to a consensus rating of "Hold" with an average price target of **$77.06**.
• In its last quarterly earnings report, BXP **exceeded analysts' expectations** with an EPS of $1.71, surpassing estimates by $0.04, and reported a revenue of **$868.46 million**.

BXP (NYSE:BXP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

BXP has been the topic of a number of other reports. Scotiabank cut their price objective on BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $72.00 to $78.00 in a research note on Monday, June 23rd. Citigroup boosted their price target on BXP from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley boosted their price target on BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their price target on BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BXP has a consensus rating of "Hold" and an average price target of $77.06.

BXP Price Performance

BXP stock opened at $77.34 on Friday. The stock's 50 day moving average is $69.41 and its 200 day moving average is $67.76. 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 $12.25 billion, a P/E ratio of 2,578.89, a P/E/G ratio of 4.21 and a beta of 1.22. BXP has a one year low of $54.22 and a one year high of $90.11.

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.

Hedge Funds Weigh In On BXP

A number of institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC raised its position in shares of BXP by 99.3% during the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust's stock worth $7,597,000 after purchasing an additional 56,104 shares during the period. Thrivent Financial for Lutherans raised its position in shares of BXP by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 21,351 shares of the real estate investment trust's stock worth $1,441,000 after purchasing an additional 838 shares during the period. Rexford Capital Inc. bought a new stake in BXP during the second quarter worth $96,000. CANADA LIFE ASSURANCE Co grew its holdings in BXP by 12.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 405,481 shares of the real estate investment trust's stock worth $27,371,000 after buying an additional 44,093 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in BXP by 73.2% during the second quarter. Tower Research Capital LLC TRC now owns 9,143 shares of the real estate investment trust's stock worth $617,000 after buying an additional 3,864 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.