BXP (NYSE:BXP) Stock Rating Lowered by Evercore ISI

Key Points

• Evercore ISI has downgraded BXP (NYSE:BXP) from an "outperform" rating to an "in-line" rating, with a price target of $76.00, indicating a potential upside of only 0.15% from its current price.
• Despite the downgrade, BXP has received mixed ratings from other analysts, with six maintaining a Buy rating and an average price target of $76.07.
• BXP recently reported earnings of $1.71 per share for the last quarter, surpassing analysts' expectations and showing a 2.1% increase in revenue year-over-year.

BXP (NYSE:BXP - Get Free Report) was downgraded by research analysts at Evercore ISI from an "outperform" rating to an "in-line" rating in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a $76.00 price objective on the real estate investment trust's stock. Evercore ISI's target price points to a potential upside of 0.15% from the stock's current price.

Several other equities research analysts have also weighed in on BXP. BMO Capital Markets reiterated an "outperform" rating and issued a $86.00 target price (up from $85.00) on shares of BXP in a report on Monday, June 23rd. Piper Sandler cut their target price on shares of BXP from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Mizuho cut their target price on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock 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 on the stock in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of 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 report on Monday, June 23rd. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $76.07.

BXP Price Performance

Shares of BXP stock opened at $75.89 on Tuesday. BXP has a 52-week low of $54.22 and a 52-week high of $90.11. The stock has a market cap of $12.02 billion, a PE ratio of 2,530.44, a PEG ratio of 4.24 and a beta of 1.22. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The firm's 50 day moving average price is $68.89 and its two-hundred day moving average price is $67.58.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of BXP by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the period. State Street Corp grew its position in shares of BXP by 1.7% in the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust's stock valued at $782,337,000 after acquiring an additional 186,269 shares during the period. Norges Bank bought a new position in shares of BXP in the 2nd quarter valued at about $686,886,000. Geode Capital Management LLC boosted its holdings in shares of BXP by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust's stock worth $279,186,000 after buying an additional 68,481 shares during the period. Finally, Boston Partners boosted its holdings in shares of BXP by 15.5% during the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust's stock worth $203,020,000 after buying an additional 403,090 shares during the period. 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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