Truist Financial Raises BXP (NYSE:BXP) Price Target to $77.00

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 target price raised by stock analysts at Truist Financial from $71.00 to $77.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's target price suggests a potential downside of 0.51% from the company's current price.

Other research analysts have also issued reports about the company. Mizuho decreased their target price on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Scotiabank decreased their price objective on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company cut their target price on shares of BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. BMO Capital Markets decreased their price target on shares of BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Piper Sandler increased their price objective on shares of BXP from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, September 9th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $77.06.

BXP Trading Up 0.3%

NYSE:BXP traded up $0.22 on Wednesday, reaching $77.40. 461,755 shares of the company's stock were exchanged, compared to its average volume of 1,556,910. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 2,579.16, a price-to-earnings-growth 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 company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The business has a fifty day moving average of $69.41 and a 200-day moving average of $67.73.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, analysts expect that BXP will post 6.91 earnings per share for the current year.

Institutional Investors Weigh In On BXP

Several hedge funds have recently modified their holdings of BXP. Pacific Heights Asset Management LLC increased its stake in BXP by 66.7% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $6,719,000 after buying an additional 40,000 shares during the period. NewSquare Capital LLC boosted its holdings in shares of BXP by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock valued at $7,281,000 after acquiring an additional 53,727 shares in the last quarter. Tredje AP fonden increased its stake in shares of BXP by 801.4% during the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock worth $7,251,000 after acquiring an additional 95,948 shares during the period. Nuveen LLC acquired a new position in shares of BXP during the first quarter worth about $14,737,000. Finally, Goldman Sachs Group Inc. raised its holdings in BXP by 0.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust's stock worth $134,461,000 after purchasing an additional 17,385 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.