BXP (NYSE:BXP) Upgraded 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 report issued on Sunday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Cantor Fitzgerald reduced their target price on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. UBS Group dropped their price target on BXP from $66.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. LADENBURG THALM/SH SH boosted 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, Evercore set a $68.00 price objective on BXP in a research report on Monday, July 6th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.11.

BXP Price Performance

Shares of BXP stock opened at $69.16 on Friday. BXP has a 52-week low of $49.72 and a 52-week high of $79.33. The stock has a market cap of $11.03 billion, a PE ratio of 34.75, a PEG ratio of 2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The firm’s 50 day moving average price is $65.00 and its two-hundred day moving average price is $61.01.

BXP (NYSE:BXP) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.94). BXP had a return on equity of 4.13% and a net margin of 9.09%.The company had revenue of $872.15 million for the quarter, compared to analyst estimates of $843.11 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. BXP’s quarterly revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. As a group, analysts forecast that BXP will post 6.96 EPS for the current year.

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s dividend payout ratio is presently 140.70%.

Insider Activity

In related news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president directly owned 311 shares in the company, valued at $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BXP. Elyxium Wealth LLC bought a new position in BXP during the fourth quarter worth about $25,000. Princeton Global Asset Management LLC raised its stake in BXP by 892.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 357 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of BXP in the second quarter valued at approximately $29,000. Clearstead Advisors LLC lifted its position in shares of BXP by 109.4% in the fourth quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 268 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of BXP by 45.5% in the fourth quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 193 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.