BXP (NYSE:BXP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BXP (NYSE:BXP) from a sell rating to a hold rating in a research report released on Saturday.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of BXP from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BMO Capital Markets reissued an “outperform” rating and issued a $68.00 price target on shares of BXP in a research report on Tuesday, June 2nd. Piper Sandler upped their price objective on BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial decreased their price objective on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Finally, LADENBURG THALM/SH SH raised their price objective on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, BXP presently has an average rating of “Moderate Buy” and a consensus price target of $74.58.

BXP Price Performance

BXP opened at $66.80 on Friday. BXP has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. The business’s fifty day simple moving average is $67.79 and its 200-day simple moving average is $61.35. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.56 and a beta of 1.01.

BXP (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same period in the previous year, the company posted $1.71 earnings per share. The firm’s quarterly revenue 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, equities research analysts anticipate that BXP will post 7.03 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 30th. BXP’s payout ratio is currently 150.54%.

Insider Transactions at BXP

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $59.06, for a total value of $287,208.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total value of $119,700.00. Following the sale, the senior vice president owned 311 shares in the company, valued at $18,613.35. The trade was a 86.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,176 shares of company stock valued at $2,151,552. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BXP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of BXP by 29.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 257 shares during the period. First Trust Advisors LP raised its position in BXP by 45.7% during the 2nd quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 12,660 shares during the last quarter. Cresset Asset Management LLC raised its position in BXP by 29.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 2,089 shares during the last quarter. Jump Financial LLC lifted its stake in BXP by 276.0% during the 2nd quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 34,544 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of BXP by 99.3% in the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after acquiring an additional 56,104 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About BXP

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.