BXP (NYSE:BXP) Price Target Raised to $74.00

Key Points

• UBS Group has raised its price target for BXP (NYSE:BXP) from $68.00 to $74.00, indicating a potential upside of 1.02% from the current stock price.
• Several analysts have mixed ratings on BXP, with six rating it Buy, eight rating it Hold, and one Sell as per the latest evaluations.
• BXP's recent earnings report showed a higher-than-expected earnings per share of $1.71 against an estimated $1.67, with revenues of $868.46 million surpassing expectations as well.

BXP (NYSE:BXP - Get Free Report) had its target price boosted by research analysts at UBS Group from $68.00 to $74.00 in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective indicates a potential downside of 4.32% from the stock's previous close.

BXP has been the subject of a number of other research reports. Piper Sandler lifted their price target on BXP from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 9th. Mizuho lowered their price target on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. BMO Capital Markets decreased their price objective on BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a report on Tuesday, September 9th. Scotiabank decreased their price objective on BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Finally, Wall Street Zen raised BXP from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $77.06.

BXP Stock Performance

BXP traded up $1.11 on Tuesday, reaching $77.34. 2,141,888 shares of the stock were exchanged, compared to its average volume of 1,590,913. The company's 50-day moving average price is $69.41 and its 200 day moving average price is $67.75. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. 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 (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping 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 firm posted $1.77 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. 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, sell-side analysts forecast that BXP will post 6.91 EPS for the current fiscal year.

Hedge Funds Weigh In On BXP

A number of large investors have recently bought and sold shares of BXP. Loomis Sayles & Co. L P acquired a new position in BXP in the 2nd quarter worth about $25,000. MUFG Securities EMEA plc acquired a new position in BXP in the 2nd quarter worth about $29,000. REAP Financial Group LLC raised its holdings in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 311 shares during the period. Sentry Investment Management LLC acquired a new position in BXP in the 1st quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in BXP in the 2nd quarter worth about $43,000. Institutional investors and hedge funds 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.