BXP (NYSE:BXP) Downgraded 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%.

BXP (NYSE:BXP - Get Free Report) was downgraded by equities researchers at Compass Point from a "buy" rating to a "neutral" rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $75.00 price target on the real estate investment trust's stock. Compass Point's target price suggests a potential upside of 3.63% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and upped their price target for the company from $72.00 to $78.00 in a report on Monday, June 23rd. 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. Morgan Stanley boosted their price objective on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. The Goldman Sachs Group cut their price objective on BXP from $76.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Finally, UBS Group boosted their price objective on BXP from $68.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BXP has an average rating of "Hold" and a consensus price target of $76.19.

BXP Stock Down 4.5%

BXP stock opened at $72.37 on Wednesday. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The firm's 50-day simple moving average is $68.97 and its 200 day simple moving average is $67.62. The stock has a market cap of $11.46 billion, a PE ratio of 2,413.14, a price-to-earnings-growth ratio of 4.19 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. The firm had revenue of $868.46 million during the quarter, compared to analyst estimates of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. BXP's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 EPS. 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, sell-side analysts predict that BXP will post 6.91 EPS for the current year.

Institutional Trading of BXP

A number of hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC lifted its position in shares of BXP by 99.3% in the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust's stock worth $7,597,000 after acquiring an additional 56,104 shares during the period. Thrivent Financial for Lutherans increased its stake in BXP by 4.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 21,351 shares of the real estate investment trust's stock valued at $1,441,000 after buying an additional 838 shares during the last quarter. Rexford Capital Inc. acquired a new stake in BXP in the 2nd quarter valued at $96,000. CANADA LIFE ASSURANCE Co increased its stake in BXP by 12.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 405,481 shares of the real estate investment trust's stock valued at $27,371,000 after buying an additional 44,093 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in BXP by 73.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,143 shares of the real estate investment trust's stock valued at $617,000 after buying an additional 3,864 shares during the last quarter. Institutional investors 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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