Scotiabank Increases BXP (NYSE:BXP) Price Target to $76.00

BXP (NYSE:BXP) had its price objective boosted by analysts at Scotiabank from $74.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 8.49% from the stock’s current price.

A number of other analysts also recently commented on BXP. Barclays increased their price objective on shares of BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Mizuho upped their price target on BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Wells Fargo & Company increased their price target on BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Evercore set a $68.00 price objective on BXP in a research report on Monday, July 6th. Finally, LADENBURG THALM/SH SH boosted their price objective on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, BXP presently has an average rating of “Moderate Buy” and a consensus price target of $73.79.

BXP Price Performance

Shares of BXP stock traded down $0.61 during mid-day trading on Wednesday, reaching $70.06. 138,702 shares of the stock traded hands, compared to its average volume of 2,039,358. The stock has a market capitalization of $11.17 billion, a PE ratio of 37.61, a PEG ratio of 3.01 and a beta of 1.01. The business has a 50-day moving average of $66.50 and a 200 day moving average of $61.20. BXP has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The company has a quick ratio of 4.22, a current ratio of 3.91 and a debt-to-equity ratio of 2.07.

BXP (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share 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 for the quarter, compared to analyst estimates of $858.07 million. During the same quarter last year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. 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, analysts predict that BXP will post 7.02 EPS for the current year.

Insider Buying and Selling at BXP

In related news, CFO Michael E. Labelle sold 26,113 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the sale, the chief financial officer owned 5,839 shares in the company, valued at $387,417.65. This represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the sale, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. This trade represents a 86.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,176 shares of company stock worth $2,151,552. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On BXP

Hedge funds have recently modified their holdings of the stock. Czech National Bank raised its position in BXP by 5.1% during the 2nd quarter. Czech National Bank now owns 42,216 shares of the real estate investment trust’s stock worth $2,799,000 after buying an additional 2,059 shares during the last quarter. Sarasin & Partners LLP acquired a new position in BXP during the 2nd quarter worth approximately $806,000. GAMMA Investing LLC grew its stake in shares of BXP by 45.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,720 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 2,092 shares during the period. CX Institutional boosted its stake in shares of BXP by 15.2% during the second quarter. CX Institutional now owns 3,796 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 500 shares during the last quarter. Finally, Eastern Bank grew its stake in shares of BXP by 108.7% during the 2nd quarter. Eastern Bank now owns 651 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 339 shares during the period. 98.72% of the stock is 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.