BXP (NYSE:BXP) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of BXP (NYSE:BXP) from a hold rating to a sell rating in a report published on Monday.

A number of other equities analysts have also recently issued reports on BXP. Piper Sandler upped their price target on shares of BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating and set a $68.00 price objective on shares of BXP in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays upped their target price on shares of BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Scotiabank increased their price target on shares of BXP from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.11.

BXP Stock Up 0.7%

Shares of NYSE:BXP opened at $70.62 on Monday. The stock has a fifty day simple moving average of $66.30 and a two-hundred day simple moving average of $61.17. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 3.01 and a beta of 1.01. BXP has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a current ratio of 3.91, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, research analysts anticipate that BXP will post 7 earnings per share for the current fiscal year.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is 150.54%.

Insider Buying and Selling

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the sale, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. The trade was a 81.73% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in BXP in the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its stake in BXP by 892.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 357 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of BXP during the 2nd quarter valued at $29,000. Clearstead Advisors LLC lifted its holdings in shares of BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares during the period. Finally, State of Wyoming lifted its holdings in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.