Wells Fargo & Company Issues Positive Forecast for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP) had its price target increased by equities researchers at Wells Fargo & Company from $69.00 to $77.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 28.48% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Evercore set a $62.00 target price on shares of BXP in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $72.00 price target on BXP in a research report on Wednesday, February 4th. Piper Sandler dropped their price target on BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. cut their price objective on BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, BXP currently has a consensus rating of “Hold” and a consensus target price of $71.45.

BXP Stock Down 0.1%

Shares of BXP stock traded down $0.08 on Monday, hitting $59.93. The stock had a trading volume of 252,295 shares, compared to its average volume of 2,261,867. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. The business has a 50 day moving average of $56.47 and a 200 day moving average of $62.10. BXP has a 12-month low of $49.72 and a 12-month high of $79.33. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm had revenue of $872.15 million for the quarter, compared to analysts’ expectations of $843.11 million. During the same quarter last year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, analysts expect that BXP will post 6.95 EPS for the current year.

Insiders Place Their Bets

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $59.85, for a total value of $119,700.00. Following the sale, the senior vice president owned 311 shares in the company, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,063 shares of company stock worth $418,955 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional Trading of BXP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in BXP by 57.7% during the third quarter. Allianz Asset Management GmbH now owns 149,860 shares of the real estate investment trust’s stock worth $11,141,000 after purchasing an additional 54,803 shares during the last quarter. SG Americas Securities LLC increased its position in shares of BXP by 546.2% during the 4th quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock valued at $2,949,000 after purchasing an additional 36,944 shares during the last quarter. Barclays PLC increased its position in shares of BXP by 14.9% during the 3rd quarter. Barclays PLC now owns 1,261,556 shares of the real estate investment trust’s stock valued at $93,784,000 after purchasing an additional 163,949 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of BXP by 18.8% during the 3rd quarter. Fisher Asset Management LLC now owns 250,316 shares of the real estate investment trust’s stock valued at $18,609,000 after buying an additional 39,682 shares in the last quarter. Finally, APG Asset Management US Inc. lifted its position in BXP by 3.2% in 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 buying an additional 232,591 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.