Scotiabank Sticks to Its Hold Rating for BXP (BXP)
Scotiabank analyst Nicholas Yulico maintained a Hold rating on BXP today and set a price target of $65.00.
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Yulico covers the Real Estate sector, focusing on stocks such as Public Storage, Welltower, and Extra Space Storage. According to TipRanks, Yulico has an average return of 3.0% and a 51.45% success rate on recommended stocks.
In addition to Scotiabank, BXP also received a Hold from Truist Financial’s Michael Lewis in a report issued today. However, on the same day, Barclays maintained a Buy rating on BXP (NYSE: BXP).
Based on BXP’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $877.1 million and a net profit of $248.49 million. In comparison, last year the company earned a revenue of $858.57 million and had a GAAP net loss of $228.85 million
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BXP in relation to earlier this year. Last month, Hilary J. Spann, the EVP of BXP sold 5,495.00 shares for a total of $327,996.55.
