Piper Sandler Reaffirms Their Buy Rating on BXP (BXP)
Piper Sandler analyst Alexander Goldfarb reiterated a Buy rating on BXP today and set a price target of $75.00.
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Goldfarb covers the Real Estate sector, focusing on stocks such as BXP, Vornado Realty, and Equity Residential. According to TipRanks, Goldfarb has an average return of 1.8% and a 48.91% success rate on recommended stocks.
In addition to Piper Sandler, BXP also received a Buy from Barclays’s Brendan Lynch in a report issued on May 18. However, yesterday, Truist Financial maintained a Hold rating on BXP (NYSE: BXP).
Based on BXP’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $872.15 million and a net profit of $101.58 million. In comparison, last year the company earned a revenue of $865.22 million and had a net profit of $61.18 million
Based on the recent corporate insider activity of 23 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. Earlier this month, Eric G Kevorkian, the SVP, CLO and Secretary of BXP sold 2,200.00 shares for a total of $131,744.00.
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