BXP (NYSE:BXP) Cut to Sell at Wall Street Zen

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

Several other analysts have also recently weighed in on the company. Citigroup dropped their price target on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Wells Fargo & Company boosted their target price on shares of BXP from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Mizuho upped their price target on shares of BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating and issued a $68.00 price target on shares of BXP in a research note on Tuesday, June 2nd. Finally, Scotiabank raised their price target on shares of BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, BXP presently has an average rating of “Moderate Buy” and a consensus target price of $74.58.

BXP Price Performance

Shares of BXP opened at $70.03 on Monday. The company’s 50-day moving average is $66.69 and its 200-day moving average is $61.22. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 4.22. The firm has a market capitalization of $11.17 billion, a PE ratio of 37.65, a PEG ratio of 2.64 and a beta of 1.01. BXP has a fifty-two week low of $49.72 and a fifty-two week high of $79.33.

BXP (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a net margin of 8.44% and a return on equity of 3.88%. BXP’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Equities analysts forecast that BXP will post 7.02 EPS for the current year.

BXP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a $0.70 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is presently 150.54%.

Insider Activity

In other news, CFO Michael E. Labelle sold 26,113 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the completion of the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric G. Kevorkian sold 2,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $18,613.35. This represents a 86.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,176 shares of company stock worth $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in BXP by 9.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 450,591 shares of the real estate investment trust’s stock valued at $30,559,000 after purchasing an additional 38,639 shares during the period. Fisher Asset Management LLC raised its holdings in BXP by 30.7% during the 4th quarter. Fisher Asset Management LLC now owns 327,262 shares of the real estate investment trust’s stock worth $22,084,000 after purchasing an additional 76,946 shares during the last quarter. Nan Fung Trinity HK Ltd. lifted its position in shares of BXP by 33.7% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 121,924 shares of the real estate investment trust’s stock worth $8,227,000 after purchasing an additional 30,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BXP by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 198,019 shares of the real estate investment trust’s stock valued at $13,362,000 after purchasing an additional 19,999 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of BXP by 2,555.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 212,549 shares of the real estate investment trust’s stock valued at $14,343,000 after purchasing an additional 204,544 shares during the last quarter. 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.