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

BXP (NYSE:BXP - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $78.00 target price on the real estate investment trust's stock, up from their previous target price of $72.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 15.09% from the stock's previous close.

BXP has been the subject of a number of other reports. Scotiabank reduced their target price on shares of BXP from $85.00 to $83.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Barclays reduced their price objective on BXP from $89.00 to $79.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Piper Sandler lowered their target price on BXP from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price target on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, UBS Group decreased their price objective on BXP from $80.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $79.54.

BXP Stock Performance

Shares of NYSE BXP traded up $1.13 during midday trading on Monday, hitting $67.77. 2,988,904 shares of the stock traded hands, compared to its average volume of 1,341,421. The firm has a market capitalization of $10.73 billion, a P/E ratio of -3,387.01, a PEG ratio of 5.45 and a beta of 1.16. BXP has a one year low of $54.22 and a one year high of $90.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23. The firm has a 50-day moving average of $67.66 and a two-hundred day moving average of $69.36.

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

Institutional Trading of BXP

Several hedge funds have recently bought and sold shares of BXP. Huntington National Bank increased its holdings in shares of BXP by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 263 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in BXP in the 4th quarter worth approximately $32,000. Teachers Retirement System of The State of Kentucky increased its stake in BXP by 4.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after acquiring an additional 441 shares during the last quarter. Spirit of America Management Corp NY raised its holdings in shares of BXP by 7.8% during the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock worth $465,000 after acquiring an additional 500 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of BXP during the 1st quarter valued at approximately $34,000. Hedge funds and other 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.