BXP (NYSE:BXP) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial raised its price target for BXP from $71.00 to $77.00, suggesting a potential upside of 6.86% from the previous close.
• Goldman Sachs cut its price target to $68.00 and set a "neutral" rating, while other firms have varied in their ratings and price targets recently.
• BXP reported earnings of $1.71 EPS for the last quarter, exceeding expectations and showing a 2.1% year-over-year revenue increase.

BXP (NYSE:BXP - Get Free Report) had its price objective increased by research analysts at Truist Financial from $71.00 to $77.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target indicates a potential downside of 0.44% from the stock's previous close.

BXP has been the topic of several other reports. Citigroup increased their price objective on shares of BXP from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday. Compass Point lowered shares of BXP from a "buy" rating to a "neutral" rating and set a $75.00 target price on the stock. in a report on Wednesday. Mizuho reduced their price target on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Wall Street Zen upgraded shares of BXP from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Scotiabank cut their target price on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.06.

BXP Stock Up 1.5%

Shares of BXP stock traded up $1.11 on Wednesday, hitting $77.34. The company had a trading volume of 2,141,888 shares, compared to its average volume of 1,590,913. The firm has a market capitalization 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 twelve month low of $54.22 and a twelve month high of $90.11. 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 stock has a 50-day moving average of $69.41 and a 200-day moving average of $67.76.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same quarter in the prior year, the company earned $1.77 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Research analysts predict that BXP will post 6.91 earnings per share for the current year.

Institutional Trading of BXP

A number of hedge funds and other institutional investors have recently bought and sold shares of BXP. Sentry Investment Management LLC bought a new stake in BXP during the 1st quarter valued at $34,000. NewSquare Capital LLC increased its stake in BXP by 98.3% during the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock valued at $7,281,000 after purchasing an additional 53,727 shares in the last quarter. Sound Income Strategies LLC increased its stake in BXP by 14.6% during the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock valued at $293,000 after purchasing an additional 556 shares in the last quarter. Spirit of America Management Corp NY increased its stake in BXP by 7.8% during the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 500 shares in the last quarter. Finally, Altrius Capital Management Inc increased its stake in BXP by 3.7% during the 1st quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock valued at $4,491,000 after purchasing an additional 2,375 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

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.