UBS Group Issues Pessimistic Forecast for Boston Properties (NYSE:BXP) Stock Price

Boston Properties (NYSE:BXP - Get Free Report) had its target price decreased by investment analysts at UBS Group from $80.00 to $68.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price suggests a potential upside of 4.88% from the stock's previous close.

A number of other equities analysts have also issued reports on BXP. Wells Fargo & Company lowered their target price on shares of Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Mizuho lowered their price objective on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Boston Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Piper Sandler decreased their target price on shares of Boston Properties from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays dropped their price target on Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $78.83.

Boston Properties Stock Down 0.3 %

Boston Properties stock traded down $0.22 during mid-day trading on Monday, hitting $64.84. The company had a trading volume of 691,753 shares, compared to its average volume of 1,265,565. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. Boston Properties has a 1 year low of $54.22 and a 1 year high of $90.11. The business has a fifty day moving average of $65.41 and a 200 day moving average of $72.80. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 648.41, a PEG ratio of 0.91 and a beta of 1.06.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. The company had revenue of $865.22 million for the quarter, compared to analyst estimates of $833.89 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. Boston Properties's revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Boston Properties will post 6.91 earnings per share for the current fiscal year.

Insider Transactions at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donna D. Garesche sold 2,143 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company's stock.

Institutional Trading of Boston Properties

A number of hedge funds have recently bought and sold shares of the company. Canada Post Corp Registered Pension Plan purchased a new position in shares of Boston Properties during the 4th quarter worth $32,000. Sentry Investment Management LLC purchased a new position in Boston Properties during the first quarter worth about $34,000. Brooklyn Investment Group lifted its position in Boston Properties by 19.8% during the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust's stock worth $64,000 after buying an additional 142 shares during the period. Huntington National Bank boosted its stake in Boston Properties by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after buying an additional 263 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in Boston Properties in the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 98.72% of the company's stock.

About Boston Properties

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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