Wall Street Zen Downgrades BXP (NYSE:BXP) to Sell

Key Points

• BXP has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating concerns about its stock performance.
• Several major firms have lowered their target prices for BXP, with Wells Fargo setting it at $78.00 and Goldman Sachs at $68.00.
• Despite a downgrade, BXP's recent earnings report showed a profit of $1.71 per share, surpassing analyst expectations.

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

BXP has been the subject of a number of other reports. UBS Group decreased their price target on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Morgan Stanley boosted their price target on BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Scotiabank decreased their price target on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Monday, July 14th. Piper Sandler decreased their price target on BXP from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company decreased 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. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.07.

BXP Stock Performance

Shares of BXP stock traded down $0.4670 on Friday, reaching $66.4030. 1,188,487 shares of the stock were exchanged, compared to its average volume of 1,791,875. 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 has a twelve month low of $54.22 and a twelve month high of $90.11. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 2,214.17, a PEG ratio of 3.69 and a beta of 1.17. The business has a 50 day moving average price of $68.49 and a two-hundred day moving average price of $67.55.

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, topping analysts' consensus estimates of $1.67 by $0.04. The firm had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts anticipate that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.98 dividend. The ex-dividend date was Monday, June 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.9%. BXP's payout ratio is 13,066.67%.

Institutional Trading of BXP

A number of institutional investors and hedge funds have recently made changes to their positions in BXP. Norges Bank purchased a new stake in shares of BXP in the second quarter valued at approximately $686,886,000. Vanguard Group Inc. increased its position in shares of BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock worth $1,651,017,000 after purchasing an additional 1,016,579 shares in the last quarter. Franklin Resources Inc. increased its position in shares of BXP by 354.0% during the second quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust's stock worth $58,711,000 after purchasing an additional 678,529 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of BXP during the second quarter worth approximately $38,580,000. Finally, Daiwa Securities Group Inc. increased its position in shares of BXP by 70.9% during the second quarter. Daiwa Securities Group Inc. now owns 1,138,083 shares of the real estate investment trust's stock worth $76,787,000 after purchasing an additional 472,221 shares in the last quarter. 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.