BXP (NYSE:BXP) Cut to Sell at Wall Street Zen
by Tristan Rich · The Markets DailyWall Street Zen lowered shares of BXP (NYSE:BXP – Free Report) from a hold rating to a sell rating in a report released on Saturday.
Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of BXP from $82.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Truist Financial lowered their price target on shares of BXP from $70.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. BMO Capital Markets reissued an “outperform” rating and issued a $68.00 price target on shares of BXP in a report on Tuesday, June 2nd. Evercore set a $68.00 target price on BXP in a research note on Monday, July 6th. Finally, Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, BXP presently has a consensus rating of “Moderate Buy” and an average target price of $71.26.
Check Out Our Latest Report on BXP
BXP Price Performance
BXP stock opened at $67.93 on Friday. The firm has a 50 day simple moving average of $64.24 and a two-hundred day simple moving average of $61.00. The stock has a market cap of $10.83 billion, a PE ratio of 34.14, a P/E/G ratio of 3.02 and a beta of 1.01. BXP has a one year low of $49.72 and a one 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $843.11 million. During the same period in the prior year, the firm posted $1.64 earnings per share. The business’s revenue was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, analysts predict that BXP will post 6.95 EPS for the current fiscal year.
BXP Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. BXP’s dividend payout ratio is currently 140.70%.
Insider Activity at BXP
In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction on Wednesday, May 20th. The stock was 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 SEC, which is available through this link. Also, SVP Eric G. Kevorkian sold 2,000 shares of BXP stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the completion of the sale, the senior vice president directly owned 311 shares of the company’s stock, valued at approximately $18,613.35. The trade was a 86.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,176 shares of company stock valued at $2,151,552 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.
Institutional Trading of BXP
A number of large investors have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in BXP during the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC grew its position in shares of BXP by 892.5% during 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 acquiring an additional 357 shares during the period. MUFG Securities EMEA plc purchased a new stake in BXP in the second quarter worth about $29,000. Clearstead Advisors LLC raised its stake 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 acquiring an additional 268 shares during the period. Finally, State of Wyoming lifted its stake in shares of BXP by 45.5% during the 4th 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 in the last quarter. 98.72% of the stock is currently owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than BXP
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story