Wall Street Zen Downgrades BXP (NYSE:BXP) to Sell

BXP (NYSE:BXP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other brokerages have also commented on BXP. Wells Fargo & Company increased their price target on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Citigroup dropped their target price on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Scotiabank upgraded shares of BXP from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $65.00 to $70.00 in a research note on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating and issued a $68.00 price objective on shares of BXP in a research note on Tuesday, June 2nd. Finally, Cantor Fitzgerald dropped their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.26.

BXP Stock Down 0.1%

Shares of NYSE BXP opened at $69.77 on Friday. The business has a 50-day moving average of $64.06 and a two-hundred day moving average of $61.01. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 3.02 and a beta of 1.01. BXP has a 1 year low of $49.72 and a 1 year high of $79.33. The company has a debt-to-equity ratio of 2.07, a current ratio of 4.22 and a quick ratio of 4.22.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.94). BXP had a net margin of 9.09% and a return on equity of 4.13%. The business had revenue of $872.15 million during the quarter, compared to analysts’ expectations of $843.11 million. During the same quarter in the previous year, the company posted $1.64 EPS. The company’s revenue was up .8% compared to the same quarter last year. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, analysts forecast that BXP will post 6.95 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value 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. This represents a 81.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,176 shares of company stock valued at $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of BXP during the fourth quarter worth $25,000. Princeton Global Asset Management LLC increased its stake in BXP by 892.5% in the 4th 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 purchased a new position in BXP during the 2nd quarter worth $29,000. Clearstead Advisors LLC raised its position in BXP by 109.4% during the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 268 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of BXP by 45.5% in the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.