Boston Properties, Inc. (NYSE:BXP - Get Free Report)'s share price 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 traded.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on BXP shares. Wells Fargo & Company reduced their price objective on shares of Boston Properties from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Jefferies Financial Group started coverage on shares of Boston Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Piper Sandler reduced their price objective on shares of Boston Properties from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Truist Financial reduced their price objective on shares of Boston Properties from $75.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, Scotiabank reduced their price objective on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Boston Properties has an average rating of "Hold" and a consensus price target of $77.67.
Check Out Our Latest Stock Analysis on Boston Properties
Boston Properties Price Performance
The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The stock's 50 day simple moving average is $64.94 and its 200 day simple moving average is $70.07. The firm has a market capitalization of $11.75 billion, a P/E ratio of 742.08, a P/E/G ratio of 0.91 and a beta of 1.16.
Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. 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 prior year, the business posted $1.73 earnings per share. Boston Properties's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts expect that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.
Boston Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.98 per share. The ex-dividend date was Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.28%. Boston Properties's dividend payout ratio is presently -19,600.00%.
Hedge Funds Weigh In On 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 shares of Boston Properties during the fourth quarter valued at approximately $32,000. Sentry Investment Management LLC purchased a new stake in Boston Properties during the first quarter valued at approximately $34,000. Huntington National Bank lifted its position in Boston Properties by 29.8% during 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 purchased a new stake in Boston Properties during the fourth quarter valued at approximately $94,000. Finally, Brooklyn Investment Group lifted its position in Boston Properties by 124.6% during the first quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,069 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.
About Boston Properties
(
Get Free Report)
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.
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