Piper Sandler Forecasts Strong Price Appreciation for BXP (NYSE:BXP) Stock

Key Points

• Piper Sandler has increased its price target for BXP from $80.00 to $90.00, indicating a potential upside of 18.60% from the previous close, while maintaining an "overweight" rating.
• Other brokerages have given mixed ratings, with Mizuho lowering its target to $82.00 and Wells Fargo adjusting it down to $77.00, reflecting varying levels of optimism among analysts.
• BXP reported earnings of $1.71 per share for Q2, exceeding the consensus estimate of $1.67, with a year-over-year revenue increase of 2.1%.

BXP (NYSE:BXP - Get Free Report) had its price target lifted by stock analysts at Piper Sandler from $80.00 to $90.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's price target would suggest a potential upside of 18.60% from the stock's previous close.

Several other brokerages have also recently commented on BXP. Mizuho lowered their target price on shares of BXP from $86.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Scotiabank lowered their target price on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $72.00 to $78.00 in a report on Monday, June 23rd. Finally, Morgan Stanley raised their target price on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $76.73.

BXP Trading Down 1.2%

Shares of BXP stock opened at $75.89 on Tuesday. The firm has a 50 day moving average price of $68.89 and a two-hundred day moving average price of $67.58. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $12.02 billion, a PE ratio of 2,530.44, a price-to-earnings-growth ratio of 4.24 and a beta of 1.22. BXP has a 12-month low of $54.22 and a 12-month high of $90.11.

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 (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, analysts predict that BXP will post 6.91 earnings per share for the current year.

Institutional Trading of BXP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new stake in shares of BXP during the second quarter worth $25,000. MUFG Securities EMEA plc bought a new stake in shares of BXP during the second quarter worth $29,000. REAP Financial Group LLC grew its stake in shares of BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after buying an additional 311 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of BXP during the first quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of BXP during the second quarter worth $43,000. 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.

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