BXP (NYSE:BXP) Price Target Raised to $80.00

BXP (NYSE:BXP) had its price objective increased by LADENBURG THALM/SH SH from $70.00 to $80.00 in a research report report published on Wednesday morning,Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on BXP. Piper Sandler cut their target price on shares of BXP from $87.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company increased their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft set a $61.00 target price on BXP in a report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and issued a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Finally, Citigroup cut their price target on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.95.

BXP Trading Down 0.2%

Shares of NYSE:BXP opened at $66.83 on Wednesday. The company has a market cap of $10.66 billion, a P/E ratio of 33.58, a PEG ratio of 2.89 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22. BXP has a 1 year low of $49.72 and a 1 year high of $79.33. The stock’s fifty day moving average price is $63.10 and its 200-day moving average price is $61.08.

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

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of the 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 completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’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 transaction, the senior vice president owned 311 shares of the company’s stock, valued at approximately $18,613.35. The trade was a 86.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,176 shares of company stock worth $2,151,552 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BXP

Several institutional investors have recently added to or reduced their stakes in BXP. Czech National Bank raised its holdings in shares of BXP by 5.1% during the 2nd quarter. Czech National Bank now owns 42,216 shares of the real estate investment trust’s stock worth $2,799,000 after acquiring an additional 2,059 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of BXP during the 2nd quarter valued at approximately $806,000. GAMMA Investing LLC grew its holdings in shares of BXP by 45.2% in the second quarter. GAMMA Investing LLC now owns 6,720 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 2,092 shares in the last quarter. CX Institutional grew its holdings in shares of BXP by 15.2% in the second quarter. CX Institutional now owns 3,796 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 500 shares in the last quarter. Finally, Eastern Bank increased its position in BXP by 108.7% in the second quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Company Profile

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.