BXP (NYSE:BXP) Price Target Raised to $68.00

BXP (NYSE:BXP) had its price target hoisted by investment analysts at Mizuho from $62.00 to $68.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 0.10% from the company’s current price.

Several other research analysts have also weighed in on the stock. Citigroup dropped their price objective on shares of BXP from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH boosted their target price on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on shares of BXP in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald decreased their target price on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, BXP has an average rating of “Moderate Buy” and an average price target of $72.32.

BXP Price Performance

NYSE BXP opened at $67.93 on Tuesday. The stock has a market capitalization of $10.83 billion, a P/E ratio of 34.14, a P/E/G ratio of 3.02 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The business’s fifty day moving average is $64.24 and its two-hundred day moving average is $61.00. BXP has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.64 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 analysts’ expectations of $843.11 million. During the same period in the prior year, the company earned $1.64 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. BXP has set its Q2 2026 guidance at 1.690-1.710 EPS. On average, research analysts forecast that BXP will post 6.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Peter V. Otteni sold 4,863 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 33,176 shares of company stock worth $2,151,552. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BXP

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of BXP in the 4th quarter worth approximately $689,419,000. Cohen & Steers Inc. increased its holdings in BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after purchasing an additional 4,503,738 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in BXP by 32,286.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after purchasing an additional 1,883,282 shares in the last quarter. Invesco Ltd. raised its position in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after purchasing an additional 1,207,607 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after purchasing an additional 1,053,938 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.