Piper Sandler Has Lowered Expectations for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP) had its price target dropped by equities researchers at Piper Sandler from $88.00 to $72.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price target would indicate a potential upside of 19.93% from the company’s previous close.

Several other equities analysts also recently issued reports on BXP. Wells Fargo & Company raised their price target on shares of BXP from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Citigroup boosted their price objective on shares of BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. BMO Capital Markets reissued an “outperform” rating and issued a $70.00 price objective on shares of BXP in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of BXP in a report on Friday, October 2nd. Finally, Evercore set a $67.00 target price on BXP in a research report on Monday, September 21st. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BXP presently has an average rating of “Moderate Buy” and an average price target of $73.00.

BXP Stock Up 0.8%

Shares of NYSE:BXP opened at $60.03 on Monday. The company has a fifty day moving average of $65.20 and a 200-day moving average of $63.12. The company has a market capitalization of $9.58 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.91 and a current ratio of 3.91. BXP has a 52-week low of $49.72 and a 52-week high of $74.96.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%. The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $858.07 million. During the same period in the prior year, the company earned $1.71 EPS. BXP’s revenue was up 3.1% compared to the same quarter last year. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, equities analysts predict that BXP will post 7.02 EPS for the current fiscal year.

Institutional Trading of BXP

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in shares of BXP in the 3rd quarter worth approximately $63,000. NorthCrest Asset Manangement LLC bought a new stake in shares of BXP in the 3rd quarter valued at $271,000. Wedmont Private Capital acquired a new stake in shares of BXP during the third quarter worth $217,000. GAMMA Investing LLC increased its position in shares of BXP by 30.7% during the third quarter. GAMMA Investing LLC now owns 8,781 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 2,061 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in BXP by 13.7% during the third quarter. Elevation Wealth Partners LLC now owns 1,715 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About BXP

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, is a real estate investment trust that owns, develops, acquires and manages primarily office properties. The company focuses on high-quality commercial real estate in major U.S. business markets and serves corporate tenants across a range of industries.

The company’s portfolio includes office buildings, mixed-use developments and life science properties, as well as select residential assets. BXP also provides property management, leasing and development services associated with its real estate holdings.