Boston Properties (NYSE:BXP) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Boston Properties, Inc. (NYSE:BXP - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $70.29 and traded as high as $71.70. Boston Properties shares last traded at $71.37, with a volume of 1,886,574 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank reduced their target price on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Barclays reduced their price objective on shares of Boston Properties from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Truist Financial lowered their target price on shares of Boston Properties from $75.00 to $71.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Piper Sandler cut their price target on shares of Boston Properties from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price objective on Boston Properties from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $77.67.

Boston Properties Stock Performance

The stock has a 50-day moving average of $64.79 and a 200 day moving average of $70.24. The firm has a market capitalization of $11.75 billion, a P/E ratio of 742.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.16. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. The business had revenue of $865.22 million for the quarter, compared to the consensus estimate of $833.89 million. During the same quarter in the previous year, the company posted $1.73 EPS. Boston Properties's revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Boston Properties, Inc. will post 6.91 earnings per share for the current year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, March 31st. Boston Properties's dividend payout ratio is presently -19,600.00%.

Institutional Trading of Boston Properties

A number of hedge funds and other institutional investors have recently modified their holdings of BXP. Canada Post Corp Registered Pension Plan bought a new position in Boston Properties in the 4th quarter valued at $32,000. Sentry Investment Management LLC acquired a new position in shares of Boston Properties during the first quarter valued at $34,000. Huntington National Bank boosted its holdings in Boston Properties by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 263 shares during the last quarter. Hurley Capital LLC bought a new position in Boston Properties in the fourth quarter valued at about $94,000. Finally, Brooklyn Investment Group increased its position in Boston Properties by 124.6% in the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

About Boston Properties

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.