BXP (NYSE:BXP) Share Price Passes Above 200-Day Moving Average - Should You Sell?

BXP, Inc. (NYSE:BXP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.57 and traded as high as $71.04. BXP shares last traded at $70.79, with a volume of 1,490,529 shares trading hands.

Analyst Upgrades and Downgrades

BXP has been the topic of several research reports. Barclays dropped their price target on BXP from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Truist Financial dropped their price target on BXP from $75.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Piper Sandler dropped their price target on BXP from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price target on BXP from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. upgraded BXP from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $72.00 to $78.00 in a research report on Monday, June 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $79.54.

BXP Stock Performance

The stock has a market cap of $11.21 billion, a P/E ratio of -3,537.73, a price-to-earnings-growth ratio of 5.74 and a beta of 1.15. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The business has a 50 day moving average price of $68.61 and a two-hundred day moving average price of $68.57.

BXP (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 for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). The business had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.73 EPS. On average, sell-side analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current fiscal year.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Monday, June 30th. BXP's payout ratio is presently -19,600.00%.

Hedge Funds Weigh In On BXP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BXP. Raymond James Financial Inc. bought a new position in BXP during the fourth quarter valued at approximately $8,994,000. Cibc World Markets Corp boosted its stake in BXP by 12.2% during the fourth quarter. Cibc World Markets Corp now owns 65,481 shares of the real estate investment trust's stock valued at $4,869,000 after buying an additional 7,100 shares during the last quarter. Whittier Trust Co. boosted its stake in BXP by 3.5% during the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after buying an additional 10,429 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in BXP by 7.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 144,123 shares of the real estate investment trust's stock valued at $10,717,000 after buying an additional 10,252 shares during the last quarter. Finally, Huntington National Bank boosted its stake in BXP 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 buying an additional 263 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

About BXP

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.