Boston Properties (NYSE:BXP - Get Free Report) had its price target increased by research analysts at UBS Group from $64.00 to $80.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price would indicate a potential downside of 1.43% from the company's previous close.
Other research analysts also recently issued research reports about the stock. Wedbush upped their price target on shares of Boston Properties from $63.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Wells Fargo & Company upped their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Truist Financial upped their target price on shares of Boston Properties from $67.00 to $77.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Piper Sandler upgraded shares of Boston Properties from a "neutral" rating to an "overweight" rating and upped their target price for the company from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Finally, Compass Point upped their target price on shares of Boston Properties from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Boston Properties presently has a consensus rating of "Hold" and a consensus price target of $80.69.
Read Our Latest Stock Analysis on BXP
Shares of BXP traded up $0.83 during trading hours on Tuesday, hitting $81.16. The stock had a trading volume of 400,078 shares, compared to its average volume of 1,265,614. The company's fifty day moving average is $80.92 and its two-hundred day moving average is $69.94. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 4.83. Boston Properties has a 52 week low of $50.64 and a 52 week high of $90.11. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 0.54 and a beta of 1.18.
Boston Properties (NYSE:BXP - Get Free Report) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, analysts anticipate that Boston Properties will post 7.1 EPS for the current year.
In related news, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Boston Properties by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust's stock valued at $1,539,289,000 after buying an additional 122,583 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust's stock valued at $162,348,000 after buying an additional 542,610 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Boston Properties by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust's stock valued at $118,394,000 after buying an additional 120,650 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Boston Properties by 32.9% in the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust's stock valued at $92,567,000 after buying an additional 371,946 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Boston Properties by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,824 shares of the real estate investment trust's stock valued at $76,878,000 after purchasing an additional 38,048 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.
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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