BXP, Inc. (NYSE:BXP) Stock Has Consensus Target Price of $72.56 According to Brokerages

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

A number of brokerages have weighed in on BXP. Evercore set a $67.00 price objective on shares of BXP in a report on Monday, September 21st. JPMorgan Chase & Co. increased their price objective on shares of BXP from $79.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of BXP in a research note on Friday, October 2nd. Scotiabank lowered their target price on shares of BXP from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Finally, Mizuho increased their target price on BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st.

BXP Price Performance

NYSE:BXP opened at $65.15 on Wednesday. The company has a quick ratio of 3.91, a current ratio of 4.93 and a debt-to-equity ratio of 2.17. The stock’s fifty day moving average is $62.66 and its two-hundred day moving average is $62.07. The company has a market capitalization of $10.40 billion, a P/E ratio of 9.04, a P/E/G ratio of 2.13 and a beta of 1.03. BXP has a 52 week low of $49.72 and a 52 week high of $74.94.

BXP (NYSE:BXP) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts expect that BXP will post 7.07 EPS for the current year.

BXP Announces Dividend

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

Institutional Trading of BXP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of BXP in the second quarter valued at approximately $1,192,349,000. Bank of America Corp DE acquired a new position in BXP during the second quarter worth $186,471,000. Legal & General Group Plc bought a new position in shares of BXP in the 2nd quarter valued at about $83,987,000. Bank of New York Mellon Corp bought a new position in BXP in the 2nd quarter valued at approximately $63,769,000. Finally, Hsbc Holdings PLC purchased a new stake in BXP in the 2nd quarter valued at about $50,793,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

About BXP

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, Inc, is a self-administered and self-managed real estate investment trust that develops, owns, manages and operates primarily office properties in the United States. The company focuses on high-quality commercial real estate in major gateway markets.

BXP’s portfolio includes office buildings, mixed-use properties and life science facilities. Its activities span property acquisition, development, redevelopment, leasing and ongoing management.