Brokerages Set BXP, Inc. (NYSE:BXP) Price Target at $79.10

BXP, Inc. (NYSE:BXP) has been given an average rating of “Hold” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $79.10.

Several analysts have recently weighed in on the stock. LADENBURG THALM/SH SH started coverage on shares of BXP in a research report on Monday, October 13th. They set a “buy” rating and a $85.00 price objective for the company. Barclays cut their price target on shares of BXP from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. Truist Financial boosted their price target on shares of BXP from $71.00 to $77.00 and gave the company a “hold” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group set a $77.00 price objective on BXP and gave the stock a “neutral” rating in a report on Friday, October 17th. Finally, Wall Street Zen cut BXP from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th.

Insider Transactions at BXP

In other BXP news, EVP Raymond A. Ritchey sold 36,314 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $72.18, for a total value of $2,621,144.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter V. Otteni sold 4,136 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total value of $300,480.40. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 70,710 shares of company stock worth $5,107,771. 1.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BXP. Vanguard Group Inc. boosted its stake in shares of BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after buying an additional 1,016,579 shares during the period. State Street Corp increased its position in BXP by 1.7% in 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 acquiring an additional 186,269 shares during the period. Norges Bank purchased a new stake in BXP during the 2nd quarter valued at approximately $686,886,000. APG Asset Management US Inc. lifted its position in BXP by 3.2% during the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after acquiring an additional 232,591 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 worth $279,186,000 after acquiring an additional 68,481 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Trading Down 1.3%

NYSE:BXP opened at $70.71 on Friday. BXP has a 1 year low of $54.22 and a 1 year high of $80.81. The stock has a market cap of $11.21 billion, a P/E ratio of -55.68, a P/E/G ratio of 6.70 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. The stock has a 50-day simple moving average of $71.12 and a 200-day simple moving average of $71.00.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. The firm had revenue of $871.51 million during the quarter, compared to analysts’ expectations of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 earnings per share. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, analysts anticipate that BXP will post 6.91 earnings per share for the current fiscal year.

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.