BXP (NYSE:BXP) Upgraded to Neutral at JPMorgan Chase & Co.

BXP (NYSE:BXP - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a report released on Monday,Finviz reports. The brokerage currently has a $78.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 8.92% from the company's previous close.

Several other brokerages have also recently weighed in on BXP. Barclays dropped their price objective on BXP from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Piper Sandler lowered their price target on shares of BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group assumed coverage on shares of BXP in a report on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Scotiabank reduced their price objective on shares of BXP from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on shares of BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $79.00.

BXP Stock Performance

Shares of NYSE:BXP opened at $71.61 on Monday. The business has a fifty day moving average of $67.30 and a 200-day moving average of $69.44. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23. BXP has a twelve month low of $54.22 and a twelve month high of $90.11. The firm has a market cap of $11.34 billion, a PE ratio of -3,578.66, a price-to-earnings-growth ratio of 5.84 and a beta of 1.16.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.01). BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The company had revenue of $865.22 million during the quarter, compared to analyst estimates of $833.89 million. During the same quarter in the previous year, the business posted $1.73 EPS. The company's revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that BXP will post 6.91 EPS for the current fiscal year.

Institutional Investors Weigh In On BXP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canada Post Corp Registered Pension Plan bought a new position in shares of BXP in the 4th quarter valued at about $32,000. Sentry Investment Management LLC acquired a new position in BXP during the first quarter valued at approximately $34,000. Huntington National Bank grew its stake in BXP by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 263 shares in the last quarter. Hurley Capital LLC bought a new position in BXP in the fourth quarter valued at approximately $94,000. Finally, Brooklyn Investment Group increased its position in shares of BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the last quarter. 98.72% of the stock is owned by 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.

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