Boston Properties, Inc. (NYSE:BXP) Short Interest Up 7.9% in March

Boston Properties, Inc. (NYSE:BXP - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,060,000 shares, an increase of 7.9% from the March 15th total of 7,470,000 shares. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is currently 5.5 days.

Insider Buying and Selling at Boston Properties

In other Boston Properties 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.09% of the company's stock.

Hedge Funds Weigh In On Boston Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties during the fourth quarter worth approximately $29,000. Manchester Capital Management LLC grew its position in Boston Properties by 435.9% during the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust's stock worth $29,000 after buying an additional 340 shares in the last quarter. Quarry LP acquired a new stake in Boston Properties during the fourth quarter worth approximately $29,000. Eagle Bay Advisors LLC acquired a new stake in Boston Properties during the second quarter worth approximately $31,000. Finally, Sound Income Strategies LLC grew its position in Boston Properties by 770.9% during the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust's stock worth $34,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BXP. BMO Capital Markets cut 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. StockNews.com upgraded Boston Properties from a "sell" rating to a "hold" rating in a report on Thursday, February 1st. Truist Financial dropped their target price on Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 5th. Barclays dropped their target price on Boston Properties from $67.00 to $66.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Boston Properties in a report on Tuesday, January 30th. They set a "hold" rating and a $74.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $69.44.

Boston Properties Stock Performance

NYSE:BXP traded down $0.03 on Wednesday, hitting $57.95. The company's stock had a trading volume of 1,424,682 shares, compared to its average volume of 1,454,538. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average of $63.61 and a two-hundred day moving average of $62.61. The firm has a market capitalization of $9.10 billion, a P/E ratio of 47.89 and a beta of 1.15. Boston Properties has a one year low of $46.80 and a one year high of $73.97.

Boston Properties (NYSE:BXP - Get Free Report) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The firm had revenue of $828.90 million during the quarter, compared to analyst estimates of $811.59 million. During the same period in the previous year, the company posted $1.86 EPS. Boston Properties's revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts predict that Boston Properties will post 7.12 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties's payout ratio is 323.97%.

Boston Properties Company Profile

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.