BXP (NYSE:BXP) Stock Rating Upgraded by 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.

Wall Street Zen upgraded shares of BXP (NYSE:BXP - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other equities research analysts have also recently weighed in on BXP. Mizuho dropped their price target on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. UBS Group reduced their target price on BXP from $80.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. BMO Capital Markets restated an "outperform" rating and set a $86.00 price objective (up from $85.00) on shares of BXP in a research report on Monday, June 23rd. Truist Financial dropped their target price on BXP from $75.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Finally, Scotiabank lowered their price objective on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Monday, July 14th. One research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.71.

BXP Stock Down 0.4%

NYSE BXP traded down $0.24 during trading on Friday, hitting $65.50. The stock had a trading volume of 949,365 shares, compared to its average volume of 1,535,712. The company has a market capitalization of $10.37 billion, a PE ratio of 2,183.29, a P/E/G ratio of 5.28 and a beta of 1.17. The company's 50-day moving average price is $69.76 and its two-hundred day moving average price is $68.12. The company has a debt-to-equity ratio of 2.06, a quick ratio of 4.23 and a current ratio of 3.76. BXP has a 12 month low of $54.22 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to analysts' expectations of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%. 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 EPS. As a group, sell-side analysts forecast that BXP will post 6.91 EPS for the current year.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.98 per share. The ex-dividend date was Monday, June 30th. This represents a $3.92 annualized dividend and a dividend yield of 6.0%. BXP's dividend payout ratio is presently 13,066.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BXP. Truist Financial Corp raised its holdings in shares of BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust's stock valued at $809,000 after acquiring an additional 145 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of BXP by 12.4% during the 2nd quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 226 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in shares of BXP by 3.1% during the 2nd quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust's stock valued at $520,000 after buying an additional 230 shares in the last quarter. Naviter Wealth LLC raised its holdings in shares of BXP by 3.4% during the 2nd quarter. Naviter Wealth LLC now owns 7,003 shares of the real estate investment trust's stock valued at $479,000 after buying an additional 232 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in shares of BXP by 7.7% during the 2nd quarter. Keybank National Association OH now owns 3,525 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 253 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

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.