Scotiabank Cuts BXP (NYSE:BXP) Price Target to $73.00

BXP (NYSE:BXP) had its target price reduced by analysts at Scotiabank from $76.00 to $73.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 14.36% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Mizuho lifted their price objective on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BXP in a report on Wednesday, August 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Piper Sandler reduced their price target on shares of BXP from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BXP from $79.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.11.

BXP Trading Down 0.3%

Shares of BXP stock traded down $0.21 during trading hours on Thursday, hitting $63.83. The company had a trading volume of 217,498 shares, compared to its average volume of 1,889,759. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The stock has a market capitalization of $10.19 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.01. The company’s fifty day moving average is $68.14 and its 200 day moving average is $62.09. BXP has a fifty-two week low of $49.72 and a fifty-two week high of $78.23.

BXP (NYSE:BXP) last posted its 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 firm 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 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Research analysts expect that BXP will post 7.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BXP

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of BXP in the 2nd quarter valued at $1,192,349,000. Cohen & Steers Inc. increased its holdings in BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares during the last quarter. Norges Bank purchased a new position in BXP in the fourth quarter valued at $689,419,000. Geode Capital Management LLC raised its stake in BXP by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock valued at $287,121,000 after buying an additional 55,621 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in BXP by 52.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after buying an additional 1,053,938 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Company Profile

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company’s portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.