JPMorgan Chase & Co. Cuts BXP (NYSE:BXP) Price Target to $82.00

BXP (NYSE:BXP) had its price target trimmed by JPMorgan Chase & Co. from $83.00 to $82.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

BXP has been the topic of several other reports. UBS Group lowered their target price on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Jefferies Financial Group increased their target price on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. KeyCorp upgraded shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research note on Thursday, December 4th. Finally, Barclays upgraded shares of BXP from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $82.00 in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.95.

BXP Stock Performance

NYSE BXP opened at $67.10 on Tuesday. The company has a 50-day simple moving average of $69.64 and a 200 day simple moving average of $70.53. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.50 and a current ratio of 4.50. BXP has a 52-week low of $54.22 and a 52-week high of $79.33. The company has a market capitalization of $10.63 billion, a PE ratio of -52.83, a price-to-earnings-growth ratio of 7.78 and a beta of 1.01.

BXP (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. BXP had a negative net margin of 5.82% and a positive return on equity of 1.35%. The company had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. During the same quarter in the previous year, the firm posted $1.81 EPS. BXP’s revenue was up 1.4% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. On average, research analysts predict that BXP will post 6.91 EPS for the current year.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.2%. BXP’s dividend payout ratio is presently -220.47%.

Insiders Place Their Bets

In other BXP news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total value of $300,480.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.34, for a total value of $970,947.48. Following the sale, the chief financial officer owned 9,223 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 70,710 shares of company stock worth $5,107,771. 1.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BXP

A number of hedge funds and other institutional investors have recently bought and sold shares of BXP. Czech National Bank grew its position in BXP by 6.5% in the second quarter. Czech National Bank now owns 35,604 shares of the real estate investment trust’s stock worth $2,402,000 after acquiring an additional 2,181 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in BXP by 12.7% during the second quarter. Gilman Hill Asset Management LLC now owns 13,684 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 1,545 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of BXP by 1.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,258 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 857 shares in the last quarter. Swedbank AB increased its position in shares of BXP by 14.8% during the 2nd quarter. Swedbank AB now owns 124,545 shares of the real estate investment trust’s stock valued at $8,403,000 after purchasing an additional 16,019 shares during the last quarter. Finally, CX Institutional increased its position in shares of BXP by 24.6% during the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

BXP News Summary

Here are the key news stories impacting BXP this week:

• Positive Sentiment: BXP confirmed completion of property sales with net proceeds of more than $1.0 billion, noting progress toward its 2025–2027 asset-sale plan and freeing capital for higher-return, core market investments. BXP Announces Strategic Dispositions Totaling More than $1.0 Billion
• Positive Sentiment: Report details BXP’s $1B+ of asset sales covering land, multifamily, life sciences and office — a deliberate reallocation from non-core/suburban holdings toward premium workplace assets. BXP Offloads $1B Of Land, Multifamily, Life Sciences And Office
• Positive Sentiment: BXP sold a Reston apartment tower and a suburban development site — concrete examples of the company shedding non-core assets as part of the disposition program. BXP sells Reston apartment tower and suburban development site
• Positive Sentiment: Coverage noting BXP has topped $1.0B in sales toward its multi-year disposition target — reinforces the narrative of disciplined capital recycling. BXP tops $1.0B in asset sales toward multi-year disposition goal
• Positive Sentiment: Analyst note highlights the $1B milestone and the company’s intention to redeploy proceeds into premium workplace and gateway-market projects — framing the sales as value-enhancing. BXP Hits $1B Milestone Under Its Long-Term Asset Sale Plan Strategy
• Positive Sentiment: Barclays upgraded BXP, a supportive analyst move that may underpin near-term buying interest. Barclays upgrades Boston Properties (BXP)
• Neutral Sentiment: A roundup summarizes the views of 11 analysts — useful context but no single decisive call; reflects mixed sentiment across the analyst community. A Glimpse Into The Expert Outlook On BXP Through 11 Analysts
• Negative Sentiment: JPMorgan Chase published a pessimistic forecast for BXP’s share price, which could weigh on sentiment and limit near-term upside. JPMorgan Chase & Co. Issues Pessimistic Forecast for BXP (NYSE:BXP) Stock Price
• Negative Sentiment: Scotiabank lowered its price target from $81 to $74 and moved to a “sector performer” rating — a more cautious valuation that may temper upside expectations. Scotiabank lowers BXP price target

BXP Company Profile

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.