UBS Group Has Lowered Expectations for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP) had its price target decreased by equities research analysts at UBS Group from $70.00 to $66.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s target price points to a potential upside of 3.43% from the company’s current price.

A number of other equities research analysts have also issued reports on BXP. Wells Fargo & Company increased their price objective on shares of BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Truist Financial boosted their target price on shares of BXP from $64.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of BXP from $79.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Mizuho upped their target price on shares of BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Evercore set a $67.00 target price on shares of BXP in a research note on Monday, September 21st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, BXP currently has an average rating of “Moderate Buy” and a consensus price target of $72.31.

BXP Price Performance

Shares of BXP stock traded up $0.92 during trading hours on Friday, hitting $63.81. The company’s stock had a trading volume of 781,486 shares, compared to its average volume of 1,505,314. The business has a 50 day moving average price of $62.26 and a two-hundred day moving average price of $62.04. BXP has a 12-month low of $49.72 and a 12-month high of $74.94. The company has a market cap of $10.19 billion, a PE ratio of 19.11, a PEG ratio of 2.12 and a beta of 1.03. The company has a debt-to-equity ratio of 2.17, a quick ratio of 3.91 and a current ratio of 4.93.

BXP (NYSE:BXP) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.21. BXP had a return on equity of 6.89% and a net margin of 14.99%. The firm had revenue of $911.43 million during the quarter, compared to analysts’ expectations of $892.51 million. During the same quarter last year, the business posted $1.74 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts expect that BXP will post 7.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its position in BXP by 63.6% during the third quarter. Empowered Funds LLC now owns 121,061 shares of the real estate investment trust’s stock valued at $7,398,000 after purchasing an additional 47,068 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of BXP by 7.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,965 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 692 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of BXP by 4.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,315 shares of the real estate investment trust’s stock valued at $814,000 after buying an additional 628 shares in the last quarter. GSI Capital Advisors LLC lifted its holdings in shares of BXP by 43.8% in the 3rd quarter. GSI Capital Advisors LLC now owns 97,761 shares of the real estate investment trust’s stock valued at $5,974,000 after acquiring an additional 29,787 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of BXP by 8.2% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 72,379 shares of the real estate investment trust’s stock valued at $4,463,000 after acquiring an additional 5,472 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Company Profile

BXP, Inc. is a real estate investment trust that owns, develops and manages commercial real estate, with a focus on office properties and workplaces. Its portfolio also includes complementary mixed-use properties and related amenities. The company operates in major U.S. markets, including Boston, New York, Washington, D.C., San Francisco and Los Angeles. Its business includes leasing space to companies and overseeing the development and management of its properties. Founded in 1970 as Boston Properties, the company adopted the BXP name in 2023.