BXP (NYSE:BXP) Price Target Lowered to $70.00 at Cantor Fitzgerald

BXP (NYSE:BXP) had its price objective dropped by equities research analysts at Cantor Fitzgerald from $79.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 18.70% from the stock’s current price.

BXP has been the topic of several other reports. Piper Sandler cut their target price on BXP from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Scotiabank cut their target price on BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Evercore set a $62.00 target price on BXP in a research report on Wednesday, April 29th. Mizuho lowered BXP from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $79.00 to $62.00 in a research report on Tuesday, February 24th. Finally, UBS Group cut their target price on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.65.

BXP Trading Up 1.0%

Shares of BXP opened at $58.97 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $9.40 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04. The stock’s fifty day simple moving average is $55.00 and its 200 day simple moving average is $62.98. BXP has a twelve month low of $49.72 and a twelve month high of $79.33.

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 the consensus estimate of $1.58 by ($0.94). The firm 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%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, equities research analysts forecast that BXP will post 6.96 earnings per share for the current year.

Insider Buying and Selling

In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president directly owned 17,832 shares of the company’s stock, valued at $1,064,392.08. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its position in shares of BXP by 57.7% during the third quarter. Allianz Asset Management GmbH now owns 149,860 shares of the real estate investment trust’s stock worth $11,141,000 after acquiring an additional 54,803 shares during the last quarter. SG Americas Securities LLC increased its position in shares of BXP by 546.2% during the fourth quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock worth $2,949,000 after acquiring an additional 36,944 shares during the last quarter. Barclays PLC increased its position in shares of BXP by 14.9% during the third quarter. Barclays PLC now owns 1,261,556 shares of the real estate investment trust’s stock worth $93,784,000 after acquiring an additional 163,949 shares during the last quarter. Nan Fung Trinity HK Ltd. increased its position in shares of BXP by 94.9% during the third quarter. Nan Fung Trinity HK Ltd. now owns 91,224 shares of the real estate investment trust’s stock worth $6,782,000 after acquiring an additional 44,424 shares during the last quarter. Finally, APG Asset Management US Inc. increased its position in shares of BXP by 3.2% during the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after acquiring an additional 232,591 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other 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.