BXP (NYSE:BXP) Price Target Lowered to $77.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered its price target for BXP stock from $78.00 to $77.00, while maintaining an "overweight" rating, indicating a potential upside of 10.27% from its previous close.
• Multiple analysts have downgraded BXP's price targets recently, with Scotiabank lowering it to $81.00 and The Goldman Sachs Group to $68.00, reflecting a cautious outlook on the stock.
• BXP reported quarterly earnings of $1.71 EPS, surpassing expectations, with revenues up 2.1% year-over-year at $868.46 million.

BXP (NYSE:BXP - Get Free Report) had its price target lowered by stock analysts at Wells Fargo & Company from $78.00 to $77.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective points to a potential upside of 6.02% from the company's previous close.

A number of other research analysts have also issued reports on BXP. Wall Street Zen lowered shares of BXP from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. BMO Capital Markets restated an "outperform" rating and set a $86.00 target price (up previously from $85.00) on shares of BXP in a research report on Monday, June 23rd. JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $72.00 to $78.00 in a report on Monday, June 23rd. Truist Financial decreased their price objective on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. Finally, Scotiabank dropped their target price on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BXP currently has a consensus rating of "Hold" and an average price target of $76.73.

BXP Price Performance

Shares of BXP stock traded up $0.96 on Wednesday, hitting $72.63. The company's stock had a trading volume of 1,087,985 shares, compared to its average volume of 1,543,551. 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 firm has a fifty day moving average price of $68.19 and a 200-day moving average price of $67.43. BXP has a 52-week low of $54.22 and a 52-week high of $90.11. The company has a market capitalization of $11.50 billion, a P/E ratio of 2,421.84, a price-to-earnings-growth ratio of 4.01 and a beta of 1.17.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. BXP had a net margin of 0.11% and a return on equity of 3.89%. The business had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same period in the prior year, the business earned $1.77 earnings per share. The company's quarterly revenue 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, equities research analysts expect that BXP will post 6.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BXP. Truist Financial Corp increased its holdings in shares of BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust's stock valued at $809,000 after acquiring an additional 145 shares during the last quarter. CVA Family Office LLC boosted its holdings in BXP by 12.4% in the second quarter. CVA Family Office LLC now owns 2,055 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 226 shares during the period. Venture Visionary Partners LLC increased its stake in BXP by 3.1% during the second quarter. Venture Visionary Partners LLC now owns 7,712 shares of the real estate investment trust's stock valued at $520,000 after purchasing an additional 230 shares during the last quarter. Naviter Wealth LLC increased its stake in BXP by 3.4% during the second quarter. Naviter Wealth LLC now owns 7,003 shares of the real estate investment trust's stock valued at $479,000 after purchasing an additional 232 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in shares of BXP by 7.7% during the second quarter. Keybank National Association OH now owns 3,525 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 253 shares during the period. Hedge funds and other 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.