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

Key Points

• Wall Street Zen upgraded BXP from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $74.58.
• BXP shares opened at $68.42, and the company’s latest quarterly results exceeded expectations: earnings were $0.43 per share versus $0.40 expected, while revenue rose 3.1% year over year to $895.7 million.
• Insiders sold 33,176 shares worth approximately $2.15 million over the past quarter, while institutional investors maintain significant ownership at 98.72% of outstanding shares.

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

Other research analysts have also recently issued reports about the stock. Mizuho boosted their target price on shares of BXP from $62.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Evercore set a $68.00 price target on shares of BXP in a report on Monday, July 6th. UBS Group set a $76.00 price target on shares of BXP in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on shares of BXP from $69.00 to $77.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of BXP in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, BXP currently has a consensus rating of "Moderate Buy" and an average price target of $74.58.

BXP Stock Performance

Shares of NYSE:BXP opened at $68.42 on Friday. The business's 50-day simple moving average is $67.75 and its 200 day simple moving average is $61.36. The company has a market cap of $10.92 billion, a P/E ratio of 36.78, a PEG ratio of 2.58 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91. BXP has a one year low of $49.72 and a one year high of $79.33.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million during the quarter, compared to analysts' expectations of $858.07 million. During the same quarter in the prior year, the business earned $1.71 EPS. BXP's quarterly revenue was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, sell-side analysts forecast that BXP will post 7.03 earnings per share for the current fiscal year.

Insider Transactions at BXP

In related news, SVP Eric G. Kevorkian sold 2,000 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the sale, the senior vice president directly owned 311 shares of the company's stock, valued at $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BXP

A number of institutional investors have recently modified their holdings of BXP. Elyxium Wealth LLC bought a new position in shares of BXP during the fourth quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in BXP in the second quarter valued at about $29,000. Clearstead Advisors LLC raised its stake in BXP by 109.4% during the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 268 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in BXP during the second quarter valued at approximately $41,000. Finally, State of Wyoming raised its stake in BXP by 45.5% during the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

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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