Piper Sandler Sticks to Its Buy Rating for BXP (BXP)
Piper Sandler analyst Alexander Goldfarb maintained a Buy rating on BXP today and set a price target of $75.00.
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According to TipRanks, Goldfarb is a 4-star analyst with an average return of 3.4% and a 51.01% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as BXP, Hudson Pacific Properties, and Equity Residential.
BXP has an analyst consensus of Moderate Buy, with a price target consensus of $67.54.
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 25 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, Michael Labelle, the EVP & CFO of BXP sold 26,113.00 shares for a total of $1,732,294.53.
Read More on BXP:
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- BXP upgraded to Outperform at Scotiabank on strong leasing pace
- BXP upgraded to Outperform from Sector Perform at Scotiabank
- BXP executes 150,000 square foot lease with McDermott Will & Schulte
- Blaine Heck Reiterates Buy on BXP, Highlighting High-Quality Office Portfolio and Outperformance Potential Amid Sector Headwinds
- BXP Announces Sumner Square Sale and Impairment Charges
