BXP (NYSE:BXP) Price Target Raised to $90.00

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 - Free Report) had its price objective hoisted by Piper Sandler from $80.00 to $90.00 in a report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has an overweight rating on the real estate investment trust's stock.

Several other research firms also recently weighed in on BXP. Wells Fargo & Company decreased their price objective on BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Wall Street Zen upgraded BXP from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. BMO Capital Markets cut their price target on BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Mizuho cut their price target on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Finally, Scotiabank cut their price target on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $77.06.

BXP Stock Performance

Shares of BXP stock traded up $1.11 during trading hours on Tuesday, hitting $77.34. The stock had a trading volume of 2,141,888 shares, compared to its average volume of 1,590,913. The firm has a market capitalization of $12.25 billion, a PE ratio of 2,578.89, a PEG ratio of 4.21 and a beta of 1.22. BXP has a twelve month low of $54.22 and a twelve month high of $90.11. The stock's 50 day moving average is $69.41 and its 200 day moving average is $67.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $868.46 million during the quarter, compared to the consensus estimate of $845.09 million. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $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, research analysts forecast that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 30th. BXP's dividend payout ratio is currently 13,066.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in BXP during the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in BXP during the second quarter worth $29,000. REAP Financial Group LLC grew its holdings in 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 acquiring an additional 311 shares during the period. Sentry Investment Management LLC acquired a new position in BXP during the first quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in BXP during the second quarter worth $43,000. Institutional investors and hedge funds own 98.72% of the company's stock.

About BXP

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.