Boston Properties, Inc. (NYSE:BXP) Sees Significant Increase in Short Interest

Boston Properties, Inc. (NYSE:BXP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,300,000 shares, a growth of 6.6% from the December 31st total of 6,850,000 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 6.1 days.

Institutional Trading of Boston Properties

Several institutional investors and hedge funds have recently bought and sold shares of BXP. Brooklyn Investment Group grew its stake in Boston Properties by 19.8% in the 4th quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 156 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 386 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Boston Properties by 61.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 547 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in Boston Properties by 18.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 590 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BXP. Mizuho cut their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Scotiabank reiterated a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a research report on Thursday, November 7th. Wedbush lowered Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Piper Sandler decreased their price objective on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, UBS Group increased their target price on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.23.

Boston Properties Stock Up 0.7 %

Boston Properties stock traded up $0.52 during midday trading on Tuesday, reaching $72.20. The stock had a trading volume of 191,778 shares, compared to its average volume of 1,277,553. The stock has a market capitalization of $11.42 billion, a P/E ratio of 723.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11. The firm’s fifty day simple moving average is $75.52 and its 200-day simple moving average is $76.79. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, analysts expect that Boston Properties will post 6.89 EPS for the current fiscal year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.43%. Boston Properties’s dividend payout ratio is presently 3,920.39%.

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.