UBS Group Forecasts Strong Price Appreciation for BXP (NYSE:BXP) Stock

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 price objective boosted by research analysts at UBS Group from $68.00 to $74.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target suggests a potential upside of 1.02% from the stock's current price.

A number of other equities analysts have also recently commented on BXP. Wells Fargo & Company dropped their price objective on shares of BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Morgan Stanley lifted their price objective on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. BMO Capital Markets dropped their price objective on shares of BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a research note on Tuesday. Wall Street Zen raised shares of BXP from a "sell" rating to a "hold" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised shares of BXP from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $72.00 to $78.00 in a research note on Monday, June 23rd. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BXP currently has an average rating of "Hold" and a consensus target price of $77.13.

BXP Price Performance

BXP traded down $2.54 during trading on Tuesday, hitting $73.25. 525,725 shares of the company traded hands, compared to its average volume of 1,538,664. The company has a market cap of $11.60 billion, a PE ratio of 2,444.25, a P/E/G ratio of 4.24 and a beta of 1.22. The stock's 50-day simple moving average is $68.89 and its two-hundred day simple moving average is $67.58. BXP has a 1 year low of $54.22 and a 1 year high of $90.11. 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 (NYSE:BXP - Get Free Report) last posted its earnings results 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 company had revenue of $868.46 million during the quarter, compared to analysts' expectations of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. BXP's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts anticipate that BXP will post 6.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BXP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock valued at $1,651,017,000 after buying an additional 1,016,579 shares in the last quarter. State Street Corp lifted its holdings in BXP by 1.7% during the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust's stock valued at $782,337,000 after buying an additional 186,269 shares in the last quarter. Norges Bank bought a new stake in BXP during the 2nd quarter valued at about $686,886,000. Geode Capital Management LLC lifted its holdings in BXP by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust's stock valued at $279,186,000 after buying an additional 68,481 shares in the last quarter. Finally, Boston Partners lifted its holdings in BXP by 15.5% during the 2nd quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust's stock valued at $203,020,000 after buying an additional 403,090 shares in the last quarter. Institutional investors 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.

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