Boston Properties, Inc. (NYSE:BXP) Short Interest Down 6.7% in April

Boston Properties, Inc. (NYSE:BXP - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 7,640,000 shares, a decline of 6.7% from the April 15th total of 8,190,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 6.0 days.

Boston Properties Trading Down 0.7 %

BXP traded down $0.45 during midday trading on Friday, reaching $63.20. 887,260 shares of the company were exchanged, compared to its average volume of 1,159,289. The company has a debt-to-equity ratio of 1.91, a quick ratio of 5.40 and a current ratio of 4.77. The stock has a market capitalization of $9.93 billion, a P/E ratio of 51.80, a PEG ratio of 0.24 and a beta of 1.15. The stock's 50-day simple moving average is $62.21 and its 200 day simple moving average is $63.69. 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 issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($1.22). The firm had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS. As a group, analysts forecast that Boston Properties will post 7.07 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Boston Properties's payout ratio is presently 321.31%.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXP. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Boston Properties during the fourth quarter worth $29,000. Manchester Capital Management LLC increased its holdings in Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 340 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 424 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Boston Properties in the fourth quarter valued at about $34,000. Finally, Cambridge Trust Co. boosted its position in shares of Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust's stock worth $39,000 after buying an additional 250 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BXP shares. StockNews.com lowered Boston Properties from a "hold" rating to a "sell" rating in a research note on Friday, May 3rd. Wedbush dropped their target price on shares of Boston Properties from $66.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Boston Properties in a research note on Tuesday, January 30th. They set a "hold" rating and a $74.00 price target on the stock. Truist Financial dropped their price objective on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, March 5th. Finally, BMO Capital Markets decreased their price objective on Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Boston Properties currently has a consensus rating of "Hold" and a consensus price target of $69.53.

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.