Boston Properties (NYSE:BXP - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.
A number of other equities research analysts also recently issued reports on BXP. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Boston Properties in a report on Tuesday, January 30th. They issued a "hold" rating and a $74.00 price target on the stock. Truist Financial lowered their target price on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 5th. Wedbush reduced their price target on shares of Boston Properties from $66.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday. Barclays reduced their target price on Boston Properties from $67.00 to $66.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 27th. Finally, BMO Capital Markets lowered their price target on Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $69.47.
Read Our Latest Research Report on Boston Properties
Boston Properties Stock Performance
Boston Properties stock traded up $0.71 during mid-day trading on Friday, reaching $60.78. The company's stock had a trading volume of 878,499 shares, compared to its average volume of 1,424,563. The firm's fifty day moving average price is $62.71 and its two-hundred day moving average price is $63.02. The company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77. Boston Properties has a 12-month low of $46.80 and a 12-month high of $73.97. The company has a market capitalization of $9.55 billion, a P/E ratio of 49.82 and a beta of 1.15.
Boston Properties (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($1.22). Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The company had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. During the same period in the previous year, the business earned $1.73 earnings per share. Boston Properties's revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that Boston Properties will post 7.08 EPS for the current fiscal year.
Insider Activity
In related news, EVP Raymond A. Ritchey sold 14,150 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.35% of the company's stock.
Institutional Trading of Boston Properties
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Boston Properties during the 4th quarter valued at $15,810,000. Dark Forest Capital Management LP purchased a new position in Boston Properties during the 3rd quarter worth $904,000. abrdn plc raised its position in Boston Properties by 4.2% during the 4th quarter. abrdn plc now owns 713,840 shares of the real estate investment trust's stock valued at $50,090,000 after purchasing an additional 28,870 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Boston Properties in the 4th quarter worth $5,017,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Boston Properties by 12.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 221,845 shares of the real estate investment trust's stock worth $13,195,000 after acquiring an additional 23,795 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Boston Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boston Properties wasn't on the list.
While Boston Properties currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
