Boston Properties (NYSE:BXP) Lowered to Sell at StockNews.com (2024)

StockNews.com downgraded shares of Boston Properties (NYSE:BXP – Free Report) from a hold rating to a sell rating in a research note released on Friday.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets decreased their price target on shares of Boston Properties from $80.00 to $78.00 and set an outperform rating on the stock in a research note on Monday, April 8th. Barclays reduced their price target on shares of Boston Properties from $67.00 to $66.00 and set an equal weight rating for the company in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They issued a hold rating and a $74.00 price objective for the company. Wedbush cut their price target on shares of Boston Properties from $66.00 to $63.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. Finally, Truist Financial decreased their price objective on shares of Boston Properties from $77.00 to $75.00 and set a hold rating on the stock in a report on Tuesday, March 5th. 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, the stock currently has a consensus rating of Hold and a consensus price target of $69.53.

View Our Latest Stock Report on BXP

Boston Properties Stock Up 1.3 %

BXP stock opened at $61.56 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 5.40. The firm has a market capitalization of $9.67 billion, a P/E ratio of 50.46 and a beta of 1.15. Boston Properties has a 52-week low of $46.80 and a 52-week high of $73.97. The company’s 50 day simple moving average is $62.57 and its 200-day simple moving average is $63.17.

Boston Properties (NYSE:BXP – Get Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 earnings per share. As a group, equities research analysts anticipate that Boston Properties will post 7.07 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.92 annualized dividend and a dividend yield of 6.37%. Boston Properties’s payout ratio is currently 321.31%.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 14,150 shares of the business’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 SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Boston Properties by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 23,446,379 shares of the real estate investment trust’s stock valued at $1,645,232,000 after acquiring an additional 62,539 shares during the last quarter. Norges Bank purchased a new stake in Boston Properties during the fourth quarter valued at approximately $890,848,000. Allspring Global Investments Holdings LLC raised its position in Boston Properties by 3.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,502,079 shares of the real estate investment trust’s stock valued at $294,031,000 after purchasing an additional 166,105 shares during the period. Senvest Management LLC raised its holdings in shares of Boston Properties by 6.3% in the third quarter. Senvest Management LLC now owns 3,035,887 shares of the real estate investment trust’s stock worth $180,575,000 after buying an additional 179,547 shares during the period. Finally, Northern Trust Corp increased its holdings in Boston Properties by 9.6% during the 3rd quarter. Northern Trust Corp now owns 2,780,809 shares of the real estate investment trust’s stock worth $165,403,000 after purchasing an additional 243,246 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Company Profile

(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.

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