Cantor Fitzgerald Initiates Coverage on BXP (NYSE:BXP)

Key Points

• Analysts at Cantor Fitzgerald have upgraded BXP (NYSE:BXP) to a "strong-buy" rating, indicating increased confidence in the stock's performance.
• Truist Financial raised their price target for BXP from $71.00 to $77.00, while a consensus target price sits at $77.88 after multiple analysts reassessed their price expectations.
• BXP reported $1.71 earnings per share for the last quarter, surpassing analysts' expectations and indicating a 2.1% year-over-year revenue growth.

Cantor Fitzgerald started coverage on shares of BXP (NYSE:BXP - Get Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $90.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's target price indicates a potential upside of 17.92% from the stock's previous close.

Several other research analysts have also weighed in on BXP. Wall Street Zen lowered BXP from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Wells Fargo & Company decreased their target price on BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Mizuho lowered their target price on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Truist Financial boosted their target price on shares of BXP from $71.00 to $77.00 and gave the company a "hold" rating in a research report on Wednesday, September 10th. Finally, Citigroup raised their target price on BXP from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $77.88.

BXP Stock Performance

NYSE:BXP opened at $76.32 on Wednesday. The company has a market capitalization of $12.09 billion, a PE ratio of 2,544.98, a P/E/G ratio of 7.79 and a beta of 1.22. The company has a 50 day simple moving average of $71.10 and a two-hundred day simple moving average of $68.54. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. BXP has a fifty-two week low of $54.22 and a fifty-two week 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, topping 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 the consensus estimate of $845.09 million. During the same quarter in the previous year, the company earned $1.77 EPS. The company'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. Research analysts anticipate that BXP will post 6.91 earnings per share for the current year.

Hedge Funds Weigh In On BXP

Hedge funds have recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in shares of BXP in the first quarter valued at about $34,000. NewSquare Capital LLC lifted its position in shares of BXP by 98.3% during the 1st quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after buying an additional 53,727 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of BXP by 14.6% in the 1st quarter. Sound Income Strategies LLC now owns 4,356 shares of the real estate investment trust's stock worth $293,000 after buying an additional 556 shares during the last quarter. Spirit of America Management Corp NY grew its holdings in shares of BXP by 7.8% in the first quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock valued at $465,000 after acquiring an additional 500 shares in the last quarter. Finally, Altrius Capital Management Inc grew its holdings in shares of BXP by 3.7% in the first quarter. Altrius Capital Management Inc now owns 66,842 shares of the real estate investment trust's stock valued at $4,491,000 after acquiring an additional 2,375 shares in the last quarter. 98.72% of the stock is 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.