BXP (NYSE:BXP) Stock Price Expected to Rise, Scotiabank Analyst Says

BXP (NYSE:BXP) had its target price lifted by research analysts at Scotiabank from $77.00 to $81.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 13.27% from the company’s current price.

A number of other analysts have also recently issued reports on BXP. Cantor Fitzgerald began coverage on BXP in a report on Wednesday, October 1st. They set an “overweight” rating and a $90.00 price objective on the stock. The Goldman Sachs Group set a $77.00 target price on shares of BXP and gave the stock a “neutral” rating in a research note on Friday, October 17th. Evercore ISI raised their price target on BXP from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. LADENBURG THALM/SH SH assumed coverage on BXP in a report on Monday, October 13th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, UBS Group raised their target price on shares of BXP from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.47.

BXP Price Performance

Shares of BXP stock traded down $0.14 during trading on Thursday, reaching $71.51. 490,004 shares of the company’s stock were exchanged, compared to its average volume of 1,647,544. The company has a market cap of $11.33 billion, a P/E ratio of -56.32, a PEG ratio of 7.35 and a beta of 1.20. BXP has a 1-year low of $54.22 and a 1-year high of $84.75. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.76 and a current ratio of 4.50. The firm’s 50-day moving average price is $73.57 and its 200 day moving average price is $70.14.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The business had revenue of $871.51 million during the quarter, compared to analyst estimates of $860.88 million. During the same period last year, the company earned $1.81 EPS. BXP’s revenue for the quarter was up 1.4% compared to the same quarter last year. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, research analysts anticipate that BXP will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John J. Stroman sold 16,838 shares of BXP stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total transaction of $1,215,198.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael E. Labelle sold 13,422 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the completion of the transaction, the chief financial officer directly owned 9,223 shares in the company, valued at approximately $667,191.82. This trade represents a 59.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company’s stock.

Institutional Trading of BXP

A number of hedge funds have recently added to or reduced their stakes in BXP. Loomis Sayles & Co. L P bought a new position in BXP in the second quarter worth approximately $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP during the third quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new position in BXP in the second quarter worth $29,000. REAP Financial Group LLC grew its stake in BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 311 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in BXP during the 3rd quarter valued at about $36,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.