BXP (NYSE:BXP) Price Target Lowered to $70.00 at Cantor Fitzgerald

BXP (NYSE:BXP) had its price target cut by analysts at Cantor Fitzgerald from $79.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 18.70% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft set a $61.00 price target on BXP in a research note on Wednesday. Wall Street Zen upgraded BXP from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded BXP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. The Goldman Sachs Group set a $72.00 target price on BXP in a research note on Wednesday, February 4th. Finally, Citigroup decreased their target price on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.65.

BXP Stock Up 1.0%

NYSE:BXP opened at $58.97 on Friday. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.52 and a beta of 1.04. BXP has a one year low of $49.72 and a one year high of $79.33. The stock has a 50-day simple moving average of $55.00 and a 200 day simple moving average of $62.98. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22.

BXP (NYSE:BXP) last posted its quarterly earnings results 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). The firm had revenue of $872.15 million during the quarter, compared to analyst estimates of $843.11 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.64 earnings per share. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. Sell-side analysts predict that BXP will post 6.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $59.69, for a total transaction of $327,996.55. Following the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BXP

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. boosted its position in shares of BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after buying an additional 4,503,738 shares during the period. Norges Bank acquired a new position in shares of BXP during the fourth quarter worth approximately $689,419,000. APG Asset Management US Inc. boosted its position in shares of BXP by 3.2% during the third quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after buying an additional 232,591 shares during the period. Geode Capital Management LLC boosted its position in shares of BXP by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust’s stock worth $287,121,000 after buying an additional 55,621 shares during the period. Finally, Invesco Ltd. boosted its position in shares of BXP by 5.2% during the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock worth $276,751,000 after buying an additional 204,258 shares during the period. 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.