The stock of Boston Properties Inc. (NYSE:BXP) last traded at $64.62, down -1.45% from the previous session.
Data from the available sources indicates that Boston Properties Inc. (NYSE:BXP) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $52.00, we find $58.00. Given the previous closing price of $65.57, this indicates a potential downside of -11.54 percent. BXP stock price is now 16.80% away from the 50-day moving average and 3.55% away from the 200-day moving average. The market capitalization of the company currently stands at $10.14B.
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In total, 11 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $62.60 as their price target over the next twelve months.
With the price target maintained at $57, Barclays recently Downgraded its rating from Overweight to Equal Weight for Boston Properties Inc. (NYSE: BXP).
In other news, Otteni Peter V, Executive Vice President sold 10,463 shares of the company’s stock on Jun 07. The stock was sold for $571,269 at an average price of $54.60. Upon completion of the transaction, the Executive Vice President 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 May 26, Director Einiger Carol B. bought 10,000 shares of the business’s stock. A total of $474,100 was incurred on buying the stock at an average price of $47.41. This leaves the insider owning 10,000 shares of the company worth $0.65 million. Insiders disposed of 26,531 shares of company stock worth roughly $1.71 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 AMERICAN CENTURY COMPANIES INC during the first quarter worth $21,438,000. GOVERNORS LANE LP invested $12,594,000 in shares of BXP during the first quarter. In the first quarter, CAISSE DE DEPOT ET PLACEMENT DU QUEBEC acquired a new stake in Boston Properties Inc. valued at approximately $5,816,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in BXP for approximately $5,816,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in BXP valued at around $5,057,000 in the second quarter.
With an opening price of $65.97 on Thursday morning, Boston Properties Inc. (NYSE: BXP) set off the trading day. During the past 12 months, Boston Properties Inc. has had a low of $46.18 and a high of $91.57. According to the stock market information, the enterprise value for the company is $24.38B, which is based on a 12.97 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for BXP is $55.63 and a two-hundred day moving average price translates $62.37 for the stock.
The latest earnings results from Boston Properties Inc. (NYSE: BXP) was released for Mar, 2023. According to the REIT – Office Company, earnings per share came in at $0.5, missing analysts’ expectations of $0.52 by -0.02. This compares to $0.91 EPS in the same period last year. The company reported revenue of $803.2 million for the quarter, compared to $754.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.48 percent. For the current quarter, analysts expect BXP to generate $799.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 06/30/2023 were paid a $0.98 dividend. On an annualized basis, this represents a $3.92 dividend and a 6.07% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, BXP is presently at 72.45%.
Boston Properties Inc.(BXP) Company Profile
BXP (NYSE: BXP) 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. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by unconsolidated joint ventures, BXP’s portfolio totals 54.5 million square feet and 192 properties, including 15 properties under construction/redevelopment.
