BXP, Inc. (NYSE:BXP) Stock Has Average Price Target of $72.56 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on BXP, with nine buy and eight hold ratings among 17 analysts. Their average 12-month price target is $72.56, compared with shares opening at $62.59.
• BXP reported quarterly EPS of $0.71, beating the $0.50 consensus, and revenue of $911.43 million, also above estimates. Revenue rose 4.6% year over year.
• The company’s quarterly dividend of $0.70 per share equates to $2.80 annually and a 4.5% yield.

Shares of BXP, Inc. (NYSE:BXP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $72.56.

A number of equities analysts have commented on the company. Scotiabank decreased their price target on BXP from $76.00 to $73.00 and set an "outperform" rating on the stock in a research note on Thursday, September 17th. BMO Capital Markets reissued an "outperform" rating and set a $70.00 price objective on shares of BXP in a research note on Sunday, October 11th. Wall Street Zen raised BXP from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. LADENBURG THALM/SH SH raised their target price on shares of BXP from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Finally, Truist Financial lifted their target price on shares of BXP from $64.00 to $68.00 and gave the stock a "hold" rating in a research note on Wednesday, September 9th.

BXP Stock Down 1.4%

Shares of NYSE:BXP opened at $62.59 on Wednesday. The stock has a market capitalization of $9.99 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The stock's 50-day moving average price is $62.99 and its 200-day moving average price is $62.10. The company has a current ratio of 4.93, a quick ratio of 3.91 and a debt-to-equity ratio of 2.17. BXP has a 12-month low of $49.72 and a 12-month high of $74.94.

BXP (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.21. The company had revenue of $911.43 million during the quarter, compared to analyst estimates of $892.51 million. BXP had a return on equity of 6.89% and a net margin of 14.99%. BXP's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. On average, equities analysts anticipate that BXP will post 7.07 earnings per share for the current year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.80 annualized dividend and a yield of 4.5%. BXP's dividend payout ratio is presently 83.83%.

Institutional Investors Weigh In On BXP

A number of large investors have recently added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in shares of BXP during the second quarter valued at about $41,000. Eastern Bank grew its stake in shares of BXP by 108.7% in the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of BXP in the third quarter worth about $48,000. Trust Co. of Vermont bought a new stake in shares of BXP in the second quarter worth about $51,000. Finally, Rosenberg Matthew Hamilton purchased a new position in BXP during the 3rd quarter valued at about $61,000. Institutional investors own 98.72% of the company's stock.

BXP Company Profile

BXP, Inc NYSE: BXP, formerly known as Boston Properties, Inc, is a self-administered and self-managed real estate investment trust that develops, owns, manages and operates primarily office properties in the United States. The company focuses on high-quality commercial real estate in major gateway markets.

BXP's portfolio includes office buildings, mixed-use properties and life science facilities. Its activities span property acquisition, development, redevelopment, leasing and ongoing management.

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