Jefferies Financial Group Raises BXP (NYSE:BXP) Price Target to $84.00

Key Points

• Jefferies Financial Group upgraded BXP to a "strong-buy" rating, highlighting increased confidence in the stock.
• BXP has received mixed ratings from other analysts, with a consensus rating of "Hold" and a price target of $78.95.
• The real estate investment trust reported $1.71 earnings per share last quarter, surpassing estimates and showing year-over-year revenue growth of 2.1%.

BXP (NYSE:BXP - Get Free Report) had its target price upped by Jefferies Financial Group from $79.00 to $84.00 in a report issued on Monday, Marketbeat.com reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Jefferies Financial Group's price target points to a potential upside of 19.81% from the stock's current price.

BXP has been the subject of several other research reports. Truist Financial upped their price target on BXP from $71.00 to $77.00 and gave the stock a "hold" rating in a research note on Wednesday, September 10th. Cantor Fitzgerald assumed coverage on BXP in a research note on Wednesday, October 1st. They set an "overweight" rating and a $90.00 price target for the company. LADENBURG THALM/SH SH assumed coverage on BXP in a research note on Monday. They set a "buy" rating and a $85.00 price target for the company. Evercore ISI upped their price target on BXP from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday, September 29th. Finally, Scotiabank cut their price objective on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BXP currently has a consensus rating of "Hold" and an average price target of $78.95.

BXP Price Performance

Shares of NYSE BXP opened at $70.11 on Monday. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. BXP has a twelve month low of $54.22 and a twelve month high of $90.11. The stock has a 50 day moving average of $71.86 and a two-hundred day moving average of $68.78. The stock has a market cap of $11.10 billion, a P/E ratio of 2,337.78, a P/E/G ratio of 7.28 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. During the same quarter in the previous year, the business earned $1.77 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. On average, research analysts forecast that BXP will post 6.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Pacific Heights Asset Management LLC boosted its position in BXP by 66.7% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $6,719,000 after acquiring an additional 40,000 shares during the period. Goldman Sachs Group Inc. boosted its position in BXP by 0.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust's stock worth $134,461,000 after acquiring an additional 17,385 shares during the period. Tredje AP fonden lifted its holdings in shares of BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock valued at $7,251,000 after buying an additional 95,948 shares during the period. Nuveen LLC purchased a new stake in shares of BXP during the first quarter valued at $14,737,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of BXP by 632.6% during the first quarter. Jones Financial Companies Lllp now owns 22,615 shares of the real estate investment trust's stock valued at $1,520,000 after purchasing an additional 19,528 shares during the last quarter. 98.72% of the stock is currently 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.