BXP (NYSE:BXP) Lowered to Neutral Rating by Compass Point

Key Points

• BXP has been downgraded from a "buy" rating to a "neutral" rating by Compass Point, which also set a price target of $75.00, indicating a 3.63% potential upside from the last close.
• Despite the downgrade, BXP reported earnings per share of $1.71 in its latest quarterly results, surpassing estimates and showing a revenue increase of 2.1% year-over-year.
• The stock has experienced a 4.5% decline recently, with a current market cap of $11.46 billion and significant institutional ownership at 98.72%.

Compass Point lowered shares of BXP (NYSE:BXP - Free Report) from a buy rating to a neutral rating in a research note published on Wednesday, Marketbeat Ratings reports. They currently have $75.00 price target on the real estate investment trust's stock.

Several other research analysts also recently commented on BXP. Mizuho cut their price target on shares of BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a report on Monday, July 14th. BMO Capital Markets lowered their price objective on BXP from $86.00 to $84.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Truist Financial dropped their price objective on BXP from $75.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Morgan Stanley upped their target price on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group lowered their price target on BXP from $76.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BXP presently has an average rating of "Hold" and a consensus target price of $77.06.

BXP Price Performance

NYSE BXP traded up $0.20 during trading hours on Wednesday, hitting $77.38. The company had a trading volume of 461,755 shares, compared to its average volume of 1,556,910. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 2,579.16, a PEG ratio of 4.26 and a beta of 1.22. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The firm has a 50 day simple moving average of $69.41 and a 200 day simple moving average of $67.73.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to the consensus estimate of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities research analysts expect that BXP will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 3.6%. BXP's payout ratio is 9,333.33%.

Hedge Funds Weigh In On BXP

Several institutional investors have recently modified their holdings of BXP. Loomis Sayles & Co. L P bought a new stake in shares of BXP in the 2nd quarter worth approximately $25,000. MUFG Securities EMEA plc bought a new position in shares of BXP during the 2nd quarter valued at $29,000. REAP Financial Group LLC raised its position in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 311 shares during the period. Sentry Investment Management LLC purchased a new position in BXP in the 1st quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in BXP in the second quarter worth $43,000. 98.72% of the stock is currently owned by 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.