In yesterday’s Wall Street session, Boston Properties Inc. (NYSE:BXP) shares traded at $65.34, down -3.70% from the previous session.
24 analysts cover Boston Properties Inc. (NYSE:BXP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $65.00, we find $80.50. Given the previous closing price of $67.85, this indicates a potential upside of 18.64 percent. BXP stock price is now -9.93% away from the 50-day moving average and -31.79% away from the 200-day moving average. The market capitalization of the company currently stands at $10.38B.
The stock has received a hold rating from 11 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $82.06 as their price target over the next twelve months.
, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’.
In other news, RITCHEY RAYMOND A, Senior EVP sold 22,472 shares of the company’s stock on Aug 12. The stock was sold for $2,021,673 at an average price of $89.96. Upon completion of the transaction, the Senior EVP now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23, Senior EVP RITCHEY RAYMOND A sold 21,102 shares of the business’s stock. A total of $2,543,120 was realized by selling the stock at an average price of $120.52. Insiders disposed of 5,057 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BXP stock. A new stake in Boston Properties Inc. shares was purchased by ZIMMER PARTNERS, LP during the first quarter worth $106,994,000. WATERFRONT CAPITAL PARTNERS, LLC invested $50,355,000 in shares of BXP during the first quarter. In the first quarter, WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in Boston Properties Inc. valued at approximately $26,492,000. WALLEYE CAPITAL LLC acquired a new stake in BXP for approximately $14,796,000. PARALLAX VOLATILITY ADVISERS, L.P. purchased a new stake in BXP valued at around $9,843,000 in the second quarter. In total, there are 855 active investors with 99.70% ownership of the company’s stock.
On Tuesday morning Boston Properties Inc. (NYSE: BXP) stock kicked off with the opening price of $67.86. During the past 12 months, Boston Properties Inc. has had a low of $67.25 and a high of $133.11. The fifty day moving average price for BXP is $72.54 and a two-hundred day moving average price translates $95.79 for the stock.
The latest earnings results from Boston Properties Inc. (NYSE: BXP) was released for Sep, 2022. According to the REIT – Office Company, earnings per share came in at $2.29, beating analysts’ expectations of $0.75 by 1.54. This compares to $0.69 EPS in the same period last year. The net profit margin was 28.50% and return on equity was 14.60% for BXP. The company reported revenue of $790.52 million for the quarter, compared to $730.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.28 percent. For the current quarter, analysts expect BXP to generate $771.26M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/31/2022. Investors who held shares on 09/30/2022 were paid a $0.98 dividend. On an annualized basis, this represents a $3.92 dividend and a 6.00% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, BXP is presently at 70.70%.
Boston Properties Inc.(BXP) Company Profile
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company’s portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.