The Goldman Sachs Group Has Lowered Expectations for BXP (NYSE:BXP) Stock Price

Key Points

• The Goldman Sachs Group has reduced its price target for BXP from $76.00 to $68.00, maintaining a "neutral" rating on the stock.
• BXP's stock recently traded at $64.85, with a potential upside of 4.87% from the new target price.
• Analysts currently have a consensus rating of "Hold" on BXP, with a target price averaging $77.07, while various brokerages have issued differing ratings and targets.

BXP (NYSE:BXP - Get Free Report) had its price objective lowered by investment analysts at The Goldman Sachs Group from $76.00 to $68.00 in a 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 price objective suggests a potential upside of 1.77% from the company's previous close.

A number of other research firms also recently commented on BXP. JPMorgan Chase & Co. upgraded shares of BXP from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $72.00 to $78.00 in a research note on Monday, June 23rd. Mizuho decreased their target price on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Piper Sandler lowered their price target on BXP from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Wall Street Zen raised shares of BXP from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BXP has a consensus rating of "Hold" and an average target price of $77.07.

BXP Stock Up 2.5%

Shares of BXP traded up $1.6590 during midday trading on Thursday, reaching $66.8190. 1,306,319 shares of the company were exchanged, compared to its average volume of 1,768,989. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 2,228.04, a P/E/G ratio of 3.60 and a beta of 1.17. The stock has a 50-day moving average price of $68.75 and a 200-day moving average price of $67.57.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $868.46 million for 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 business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last 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. Research analysts expect that BXP will post 6.91 earnings per share for the current year.

Institutional Trading of BXP

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of BXP during the 2nd quarter valued at $686,886,000. Vanguard Group Inc. lifted its stake in BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of BXP by 354.0% during the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust's stock valued at $58,711,000 after purchasing an additional 678,529 shares in the last quarter. Bamco Inc. NY acquired a new position in BXP during the second quarter worth $38,580,000. Finally, Daiwa Securities Group Inc. raised its holdings 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 valued at $76,787,000 after buying an additional 472,221 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Company Profile

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.