BXP (NYSE:BXP) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded BXP from a "sell" to a "hold," and the stock's consensus rating is currently Hold with an average analyst target of $73.05 (10 Buys, 11 Holds).
• BXP reported Q1 EPS of $0.64 versus a $1.58 consensus (missing by $0.94) while revenue of $872.2M topped estimates, and the company set Q2 guidance of $1.690–1.710 EPS.
• Insiders sold 7,887 shares (~$477K) in the past three months, even as institutional ownership is very high at 98.72% and major funds like Cohen & Steers and Norges Bank materially increased positions.

BXP (NYSE:BXP - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other research firms also recently issued reports on BXP. Truist Financial dropped their price objective on BXP from $74.00 to $70.00 and set a "hold" rating on the stock in a report on Monday, February 2nd. Cantor Fitzgerald reiterated an "overweight" rating and set a $79.00 price objective on shares of BXP in a research note on Thursday, January 29th. Piper Sandler reduced their price target on shares of BXP from $87.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. UBS Group dropped their price target on BXP from $74.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, January 8th. Finally, Barclays reduced their price objective on shares of BXP from $81.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.05.

BXP Stock Performance

BXP stock opened at $59.37 on Friday. The stock's 50 day moving average price is $54.97 and its 200 day moving average price is $63.80. The firm has a market capitalization of $9.42 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 2.07, a quick ratio of 5.36 and a current ratio of 4.22. BXP has a one year low of $49.72 and a one year high of $79.33.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a net margin of 9.09% and a return on equity of 4.13%. The firm's revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, sell-side analysts expect that BXP will post 6.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the business's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president owned 17,832 shares in the company, valued at $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Owen D. Thomas sold 1,198 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,887 shares of company stock valued at $476,930. Insiders own 1.50% of the company's stock.

Institutional Trading of BXP

A number of institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. grew its position in BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust's stock worth $1,038,176,000 after acquiring an additional 4,503,738 shares in the last quarter. Norges Bank bought a new position in shares of BXP during the 4th quarter valued at $689,419,000. APG Asset Management US Inc. lifted its stake in shares of BXP by 3.2% in the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust's stock valued at $564,883,000 after purchasing an additional 232,591 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BXP by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust's stock valued at $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust's stock worth $276,751,000 after purchasing an additional 204,258 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About BXP

Boston Properties, Inc NYSE: BXP is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company's portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.

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