BXP (NYSE:BXP) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has upgraded BXP from a "neutral" to an "overweight" rating, with a price target of $83.00, indicating a potential upside of 17.96% from its previous close.
• Market consensus ranks BXP as a "Hold," with eight analysts rating it as a Buy and an average price target of $79.26.
• BXP reported earnings of $1.71 per share for the last quarter, exceeding estimates and reflecting a 2.1% year-over-year revenue increase.

BXP (NYSE:BXP - Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a $83.00 target price on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 17.96% from the stock's previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley increased their price objective on BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. The Goldman Sachs Group set a $77.00 price target on BXP and gave the company a "neutral" rating in a research report on Friday. Compass Point downgraded BXP from a "buy" rating to a "neutral" rating and set a $75.00 price target on the stock. in a research report on Wednesday, September 10th. Wells Fargo & Company decreased their price objective on BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Finally, Mizuho decreased their price objective on BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Eight 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.26.

BXP Price Performance

Shares of BXP opened at $70.36 on Friday. The business has a 50-day simple moving average of $72.15 and a two-hundred day simple moving average of $68.83. BXP has a 12-month low of $54.22 and a 12-month high of $90.11. The stock has a market cap of $11.14 billion, a PE ratio of 2,346.12, a PEG ratio of 7.51 and a beta of 1.22. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06.

BXP (NYSE:BXP - Get Free Report) last announced 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 company had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. Analysts anticipate that BXP will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BXP

Hedge funds have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in BXP in the 2nd quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new stake in shares of BXP in the 2nd quarter worth $29,000. REAP Financial Group LLC boosted its holdings in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after buying an additional 311 shares during the period. Rothschild Investment LLC boosted its holdings in shares of BXP by 67.1% during the 2nd quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 255 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of BXP during the 2nd quarter valued at about $43,000. 98.72% of the stock is currently 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.

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