BXP (NYSE:BXP - Get Free Report) had its price objective cut by equities research analysts at The Goldman Sachs Group from $76.00 to $68.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's target price suggests a potential upside of 4.87% from the stock's previous close.
A number of other brokerages also recently issued reports on BXP. Piper Sandler lowered their price target on BXP from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group lowered 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. Morgan Stanley lifted their target price on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company decreased their target price on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $77.07.
View Our Latest Research Report on BXP
BXP Stock Performance
BXP traded down $0.66 during midday trading on Thursday, hitting $64.85. 321,370 shares of the company traded hands, compared to its average volume of 1,540,644. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $10.27 billion, a PE ratio of 2,162.72, a price-to-earnings-growth ratio of 3.52 and a beta of 1.17. The company's 50-day moving average is $69.20 and its 200 day moving average is $67.78. BXP has a 52 week low of $54.22 and a 52 week high of $90.11.
BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company 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%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, 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 and hedge funds have recently added to or reduced their stakes in BXP. Squarepoint Ops LLC raised its stake in BXP by 99.3% during the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust's stock valued at $7,597,000 after purchasing an additional 56,104 shares during the period. Sei Investments Co. boosted its holdings in BXP by 13.1% during the second quarter. Sei Investments Co. now owns 1,534,890 shares of the real estate investment trust's stock valued at $103,559,000 after acquiring an additional 177,608 shares during the period. Stamos Capital Partners L.P. lifted its stake in shares of BXP by 29.8% in the second quarter. Stamos Capital Partners L.P. now owns 19,302 shares of the real estate investment trust's stock valued at $1,302,000 after buying an additional 4,435 shares during the period. State Street Corp lifted its stake in shares of BXP by 1.7% in the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust's stock valued at $782,337,000 after buying an additional 186,269 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust's stock worth $76,787,000 after purchasing an additional 472,221 shares during the period. 98.72% of the stock is owned by institutional investors.
BXP Company Profile
(
Get Free Report)
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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