BXP, Inc. (NYSE:BXP) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

BXP, Inc. (NYSE:BXP) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $72.56.

A number of brokerages recently weighed in on BXP. BMO Capital Markets reissued an “outperform” rating and issued a $70.00 price target on shares of BXP in a research note on Sunday, October 11th. Barclays boosted their price objective on BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Truist Financial upped their price objective on shares of BXP from $64.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, September 9th. Citigroup raised their target price on shares of BXP from $58.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Evercore set a $67.00 target price on shares of BXP in a research report on Monday, September 21st.

BXP Trading Up 0.2%

NYSE:BXP opened at $65.15 on Wednesday. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.19 and a beta of 1.03. The company has a debt-to-equity ratio of 2.17, a quick ratio of 3.91 and a current ratio of 4.93. BXP has a 1 year low of $49.72 and a 1 year high of $74.94. The business has a fifty day moving average of $62.66 and a 200-day moving average of $62.07.

BXP (NYSE:BXP) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.21. BXP had a net margin of 14.99% and a return on equity of 6.89%. The business had revenue of $911.43 million during the quarter, compared to the consensus estimate of $892.51 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts predict that BXP will post 7.07 earnings per share for the current year.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.3%. BXP’s dividend payout ratio (DPR) is currently 83.83%.

Institutional Trading of BXP

A number of hedge funds have recently modified their holdings of BXP. Hamel Associates Inc. lifted its stake in shares of BXP by 124.4% in the third quarter. Hamel Associates Inc. now owns 12,120 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 6,720 shares during the period. Aberdeen Group plc grew its position in BXP by 8.3% during the third quarter. Aberdeen Group plc now owns 78,470 shares of the real estate investment trust’s stock worth $4,795,000 after buying an additional 6,034 shares in the last quarter. Fisher Asset Management LLC increased its stake in BXP by 8.5% during the third quarter. Fisher Asset Management LLC now owns 348,398 shares of the real estate investment trust’s stock valued at $21,291,000 after acquiring an additional 27,146 shares during the period. Maryland State Retirement & Pension System bought a new position in BXP during the third quarter valued at about $610,000. Finally, Illinois Municipal Retirement Fund bought a new position in BXP during the third quarter valued at about $1,064,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About BXP

BXP, Inc is a real estate investment trust that owns, develops and manages commercial real estate, with a focus on office properties and workplaces. Its portfolio also includes complementary mixed-use properties and related amenities.

The company operates in major U.S. markets, including Boston, New York, Washington, DC, San Francisco and Los Angeles. Its business includes leasing space to companies and overseeing the development and management of its properties.

Founded in 1970 as Boston Properties, the company adopted the BXP name in 2023.