BXP (NYSE:BXP) Stock Gets Price Target Cut from Piper Sandler

BXP (NYSE:BXP) had its price objective reduced by Piper Sandler from $88.00 to $72.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other analysts also recently commented on BXP. Wells Fargo & Company increased their target price on BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of BXP in a research note on Friday, October 2nd. Evercore set a $67.00 price target on BXP in a research note on Monday, September 21st. LADENBURG THALM/SH SH upped their price target on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on BXP from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

BXP Trading Down 3.9%

NYSE:BXP opened at $57.65 on Monday. The company’s 50 day moving average price is $64.95 and its 200-day moving average price is $63.15. BXP has a 52 week low of $49.72 and a 52 week high of $74.96. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 2.54 and a beta of 1.03.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a net margin of 8.44% and a return on equity of 3.88%. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same quarter last year, the firm earned $1.71 earnings per share. The firm’s quarterly revenue 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, equities research analysts forecast that BXP will post 7.02 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.9%. BXP’s dividend payout ratio is presently 150.54%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BXP. Rehmann Capital Advisory Group boosted its holdings in shares of BXP by 4.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,280 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. Minot DeBlois Advisors LLC increased its holdings in shares of BXP by 2.5% in the fourth quarter. Minot DeBlois Advisors LLC now owns 7,902 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 196 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of BXP by 13.7% in the third quarter. Elevation Wealth Partners LLC now owns 1,715 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 206 shares in the last quarter. Arizona State Retirement System lifted its position in shares of BXP by 0.6% in the second quarter. Arizona State Retirement System now owns 41,582 shares of the real estate investment trust’s stock worth $2,757,000 after buying an additional 238 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in BXP by 4.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 5,641 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 246 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Company Profile

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, is a real estate investment trust that owns, develops, acquires and manages primarily office properties. The company focuses on high-quality commercial real estate in major U.S. business markets and serves corporate tenants across a range of industries.

The company’s portfolio includes office buildings, mixed-use developments and life science properties, as well as select residential assets. BXP also provides property management, leasing and development services associated with its real estate holdings.