BXP (NYSE:BXP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BXP (NYSE:BXP) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other analysts have also recently commented on the company. Scotiabank raised their target price on BXP from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 5th. Evercore set a $68.00 price target on BXP in a report on Monday, July 6th. Truist Financial reduced their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Barclays increased their price objective on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, Mizuho raised their price objective on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.58.

BXP Stock Down 1.1%

BXP stock opened at $68.42 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The firm has a market capitalization of $10.92 billion, a P/E ratio of 36.78, a P/E/G ratio of 2.56 and a beta of 1.01. BXP has a 52-week low of $49.72 and a 52-week high of $79.33. The company’s 50 day simple moving average is $67.75 and its 200-day simple moving average is $61.36.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $858.07 million. During the same quarter last year, the business posted $1.71 EPS. The company’s revenue was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. As a group, equities research analysts anticipate that BXP will post 7.03 EPS for the current year.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.1%. BXP’s dividend payout ratio is 150.54%.

Insider Transactions at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of BXP stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This trade represents a 81.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On BXP

A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. EverSource Wealth Advisors LLC grew its stake in shares of BXP by 29.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 257 shares in the last quarter. First Trust Advisors LP increased its holdings in BXP by 45.7% in the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 12,660 shares during the last quarter. Cresset Asset Management LLC raised its position in BXP by 29.5% during the second quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 2,089 shares in the last quarter. Jump Financial LLC raised its position in BXP by 276.0% during the second quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 34,544 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in BXP by 99.3% in the second quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after acquiring an additional 56,104 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.