The Goldman Sachs Group Boosts BXP (NYSE:BXP) Price Target to $76.00

Key Points

• Goldman Sachs raised the target price for BXP shares from $67.00 to $76.00, maintaining a "neutral" rating, indicating a potential downside of 0.15% from the previous close.
• BXP's recent quarterly earnings beat estimates with $1.71 EPS and revenue of $868.46 million, exceeding analyst predictions.
• Analysts have mixed ratings on BXP, with five giving it a Buy rating, ten a Hold, and one a Sell, resulting in a consensus target price of $77.06.

BXP (NYSE:BXP - Get Free Report) had its target price raised by equities researchers at The Goldman Sachs Group from $67.00 to $76.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's price target suggests a potential downside of 3.74% from the stock's current price.

A number of other research firms have also recently issued reports on BXP. Morgan Stanley lifted their target price on shares of BXP from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Piper Sandler lifted their price target on BXP from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, September 9th. Wall Street Zen raised BXP from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Evercore ISI lowered BXP from an "outperform" rating to an "in-line" rating and set a $76.00 price objective for the company. in a report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $72.00 to $78.00 in a research report on Monday, June 23rd. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.06.

BXP Stock Up 1.5%

NYSE BXP traded up $1.14 on Thursday, hitting $78.95. 2,682,910 shares of the stock traded hands, compared to its average volume of 1,572,764. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. The stock has a 50-day moving average of $69.62 and a 200 day moving average of $67.78. The company has a market capitalization of $12.50 billion, a P/E ratio of 2,632.54, a price-to-earnings-growth ratio of 4.26 and a beta of 1.22. BXP has a twelve month low of $54.22 and a twelve month high of $90.11.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) 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 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $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. As a group, analysts expect 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. 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 acquiring an additional 1,016,579 shares during the period. State Street Corp lifted its stake in shares of BXP by 1.7% during the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust's stock worth $782,337,000 after buying an additional 186,269 shares during the period. Norges Bank purchased a new stake in BXP in the second quarter valued at $686,886,000. Geode Capital Management LLC boosted its holdings in BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust's stock valued at $279,186,000 after purchasing an additional 68,481 shares during the last quarter. Finally, Boston Partners raised its position in shares of BXP by 15.5% in the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust's stock worth $203,020,000 after acquiring an additional 403,090 shares during the period. 98.72% of the stock is currently owned by institutional investors.

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.