BXP, Inc. (NYSE:BXP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BXP, Inc. (NYSE:BXP) have been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $77.95.

A number of brokerages have recently weighed in on BXP. Royal Bank Of Canada upgraded shares of BXP to an “outperform” rating in a report on Thursday, December 4th. UBS Group decreased their target price on shares of BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. KeyCorp raised shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a research note on Thursday, December 4th. Citigroup cut their price target on shares of BXP from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 price objective on shares of BXP in a report on Tuesday, January 6th.

BXP Price Performance

BXP opened at $66.27 on Thursday. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $10.50 billion, a P/E ratio of -52.18, a PEG ratio of 7.77 and a beta of 1.01. The stock has a 50-day moving average price of $69.70 and a 200-day moving average price of $70.55. BXP has a 12-month low of $54.22 and a 12-month high of $79.33.

BXP (NYSE:BXP) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The company had revenue of $871.51 million during the quarter, compared to the consensus estimate of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.BXP’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. Equities analysts predict that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st will be given a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.2%. BXP’s payout ratio is presently -220.47%.

Insider Buying and Selling

In other news, CFO Michael E. Labelle sold 13,422 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer owned 9,223 shares in the company, valued at approximately $667,191.82. This trade represents a 59.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 36,314 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $72.18, for a total transaction of $2,621,144.52. The SEC filing for this sale provides additional information. In the last three months, insiders sold 70,710 shares of company stock worth $5,107,771. 1.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On BXP

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of BXP in the second quarter worth about $686,886,000. Invesco Ltd. raised its position in BXP by 44.9% during the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after purchasing an additional 1,207,607 shares during the last quarter. Vanguard Group Inc. lifted its holdings in BXP by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after buying an additional 1,016,579 shares during the period. Daiwa Securities Group Inc. grew its position in shares of BXP by 76.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,012,057 shares of the real estate investment trust’s stock worth $149,576,000 after buying an additional 873,974 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of BXP by 354.0% in the 2nd quarter. Franklin Resources Inc. now owns 870,178 shares of the real estate investment trust’s stock worth $58,711,000 after buying an additional 678,529 shares during the last quarter. 98.72% of the stock is owned by 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.