Boston Properties, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $80.85.

Several analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Boston Properties in a research report on Monday. They issued a “buy” rating and a $78.00 price target on the stock. Barclays decreased their target price on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company decreased their target price on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Finally, Truist Financial upped their target price on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th.

Boston Properties Stock Performance

NYSE BXP opened at $68.35 on Friday. The company’s 50 day moving average is $70.32 and its 200-day moving average is $76.64. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The firm has a market cap of $10.81 billion, a P/E ratio of 683.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Sell-side analysts predict that Boston Properties will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the sale, the executive vice president now owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction 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 Investors Weigh In On Boston Properties

A number of institutional investors have recently made changes to their positions in the business. Canada Post Corp Registered Pension Plan purchased a new stake in Boston Properties during the 4th quarter valued at $32,000. Harvest Fund Management Co. Ltd boosted its position in Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares during the period. Brooklyn Investment Group purchased a new stake in Boston Properties during the 3rd quarter valued at $58,000. Huntington National Bank boosted its position in Boston Properties by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 263 shares during the period. Finally, Hurley Capital LLC purchased a new stake in Boston Properties during the 4th quarter valued at $94,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.