Mizuho Issues Pessimistic Forecast for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP) had its price target dropped by analysts at Mizuho from $82.00 to $79.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 10.38% from the stock’s current price.

Other analysts have also recently issued reports about the stock. LADENBURG THALM/SH SH began coverage on shares of BXP in a research note on Monday, October 13th. They set a “buy” rating and a $85.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a report on Monday. Citigroup boosted their price objective on BXP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised BXP from a “neutral” rating to an “overweight” rating and set a $83.00 price objective on the stock in a report on Friday, October 17th. Finally, New Street Research set a $85.00 target price on BXP in a report on Monday, October 13th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, BXP has a consensus rating of “Hold” and an average price target of $79.10.

BXP Stock Up 1.7%

BXP stock opened at $71.57 on Friday. The stock has a fifty day moving average of $71.32 and a 200-day moving average of $70.86. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $81.59. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of -56.35, a PEG ratio of 6.58 and a beta of 0.99. 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 (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.02. The business had revenue of $871.51 million for the quarter, compared to analysts’ expectations of $860.88 million. BXP had a positive return on equity of 1.35% and a negative net margin of 5.82%.The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 EPS. BXP has set its FY 2025 guidance at 6.890-6.920 EPS. As a group, equities research analysts predict that BXP will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 36,314 shares of BXP stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $72.18, for a total transaction of $2,621,144.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael E. Labelle sold 13,422 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.34, for a total value of $970,947.48. Following the transaction, the chief financial officer directly owned 9,223 shares of the company’s stock, valued at $667,191.82. The trade was a 59.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,710 shares of company stock worth $5,107,771 over the last three months. Corporate insiders own 1.49% of the company’s stock.

Institutional Investors Weigh In On BXP

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

About BXP

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.