BXP (NYSE:BXP) Price Target Raised to $80.00

by · The Markets Daily

BXP (NYSE:BXP – Get Free Report) had its price target upped by stock analysts at LADENBURG THALM/SH SH from $70.00 to $80.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s target price would indicate a potential upside of 19.54% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Citigroup reduced their target price on BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Cantor Fitzgerald decreased their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets reissued an “outperform” rating and set a $68.00 target price on shares of BXP in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of BXP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, 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 research note on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.95.

View Our Latest Stock Analysis on BXP

BXP Price Performance

BXP stock traded down $1.67 during midday trading on Wednesday, hitting $66.92. The company’s stock had a trading volume of 185,340 shares, compared to its average volume of 2,120,175. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07. BXP has a 12 month low of $49.72 and a 12 month high of $79.33. The company has a 50 day moving average of $62.59 and a two-hundred day moving average of $61.07. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.02 and a beta of 1.01.

BXP (NYSE:BXP – Get Free Report) last released its quarterly earnings data 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 net margin of 9.09% and a return on equity of 4.13%. The company had revenue of $872.15 million for the quarter, compared to the consensus estimate of $843.11 million. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly 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 expect that BXP will post 6.95 EPS for the current year.

Insider Transactions at BXP

In related news, EVP Peter V. Otteni sold 4,863 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at $387,417.65. This represents a 81.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,176 shares of company stock valued at $2,151,552. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of BXP

Several hedge funds and other institutional investors have recently made changes to their positions in BXP. SG Americas Securities LLC increased its stake in BXP by 546.2% during the 4th quarter. SG Americas Securities LLC now owns 43,708 shares of the real estate investment trust’s stock valued at $2,949,000 after purchasing an additional 36,944 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of BXP by 9.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust’s stock valued at $30,559,000 after acquiring an additional 38,639 shares during the period. Fisher Asset Management LLC raised its stake in BXP by 30.7% in the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust’s stock worth $22,084,000 after acquiring an additional 76,946 shares during the last quarter. Nan Fung Trinity HK Ltd. raised its stake in BXP by 33.7% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust’s stock worth $8,227,000 after acquiring an additional 30,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BXP by 11.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust’s stock valued at $13,362,000 after purchasing an additional 19,999 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP Company Profile

(Get Free Report)

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.

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