BXP (NYSE:BXP) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BXP (NYSE:BXP) from an underweight rating to a neutral rating in a research report report published on Monday, Marketbeat.com reports. JPMorgan Chase & Co. currently has $78.00 price target on the real estate investment trust’s stock, up from their prior price target of $72.00.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group initiated coverage on shares of BXP in a report on Monday, March 17th. They issued a “buy” rating and a $78.00 price objective for the company. Truist Financial reduced their target price on BXP from $75.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. UBS Group lowered their target price on BXP from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Barclays dropped their price target on BXP from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Finally, Wells Fargo & Company reduced their price target on BXP from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.54.

BXP Price Performance

Shares of BXP stock opened at $66.70 on Monday. The company has a market cap of $10.56 billion, a PE ratio of -3,333.33, a P/E/G ratio of 5.75 and a beta of 1.16. The business has a 50 day moving average of $67.66 and a 200 day moving average of $69.36. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). The company had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 earnings per share. As a group, equities research analysts forecast that BXP will post 6.91 earnings per share for the current year.

BXP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Monday, June 30th. BXP’s dividend payout ratio (DPR) is presently -19,600.00%.

Institutional Investors Weigh In On BXP

Several hedge funds have recently added to or reduced their stakes in BXP. Canada Post Corp Registered Pension Plan purchased a new stake in shares of BXP in the fourth quarter worth $32,000. Sentry Investment Management LLC purchased a new position in shares of BXP in the 1st quarter worth about $34,000. Huntington National Bank boosted its stake in BXP by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 263 shares in the last quarter. Hurley Capital LLC bought a new position in BXP in the 4th quarter worth about $94,000. Finally, Brooklyn Investment Group grew its position in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,069 shares during the last quarter. 98.72% of the stock is owned by 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.