BXP (NYSE:BXP) Rating Increased to Hold at Wall Street Zen

Key Points

• BXP has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen in their latest research note.
• Analysts have mixed ratings on BXP, with one sell rating, seven hold ratings, and seven buy ratings, leading to a consensus rating of "Hold" and a price target of $78.07.
• In their most recent earnings report, BXP posted earnings per share of $1.71, surpassing expectations by $0.04, with revenues of $868.46 million, a 2.1% increase year-over-year.

BXP (NYSE:BXP - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities research analysts have also recently issued reports on BXP. 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. Scotiabank dropped their price objective on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Monday, July 14th. Truist Financial cut their target price on shares of BXP from $75.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $72.00 to $78.00 in a report on Monday, June 23rd. Finally, Wells Fargo & Company dropped their price target on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $78.07.

BXP Trading Down 1.2%

Shares of BXP opened at $64.64 on Friday. The company has a current ratio of 3.76, a quick ratio of 4.23 and a debt-to-equity ratio of 2.06. The stock has a market cap of $10.23 billion, a PE ratio of 2,155.39, a PEG ratio of 5.35 and a beta of 1.17. BXP has a 1 year low of $54.22 and a 1 year high of $90.11. The stock has a 50 day simple moving average of $69.74 and a 200-day simple moving average of $68.23.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings results 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. BXP had a return on equity of 3.89% and a net margin of 0.11%. The firm had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. During the same period in the prior year, the business posted $1.77 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that BXP will post 6.91 EPS for the current fiscal year.

Hedge Funds Weigh In On BXP

Several hedge funds have recently added to or reduced their stakes in BXP. Pacific Heights Asset Management LLC lifted its position in BXP by 66.7% during 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 purchasing an additional 40,000 shares during the period. NewSquare Capital LLC raised its stake in shares of BXP by 98.3% during the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after buying an additional 53,727 shares during the last quarter. Tredje AP fonden lifted its holdings in BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock valued at $7,251,000 after buying an additional 95,948 shares during the period. Deutsche Bank AG boosted its stake in BXP by 30.6% in the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock valued at $70,612,000 after acquiring an additional 222,284 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in BXP during the 4th quarter worth $32,000. 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.

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