Boston Properties (NYSE:BXP) Rating Lowered to Sell at StockNews.com

Boston Properties (NYSE:BXP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also recently commented on BXP. Wells Fargo & Company raised their price target on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Truist Financial raised their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Scotiabank increased their price target on shares of Boston Properties from $82.00 to $91.00 and gave the stock a “sector outperform” rating in a report on Friday, October 25th. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on Boston Properties from $65.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.75.

Boston Properties Price Performance

Boston Properties stock opened at $79.16 on Thursday. The stock has a market capitalization of $12.43 billion, a P/E ratio of 34.27, a P/E/G ratio of 0.57 and a beta of 1.18. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11. The company’s fifty day moving average price is $80.79 and its 200 day moving average price is $69.62. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.83 and a current ratio of 5.51.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The business had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, equities research analysts anticipate that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised 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 valued at $35,000 after purchasing an additional 386 shares in the last quarter. UMB Bank n.a. raised its position in shares of Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Boston Properties by 59.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 395 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 547 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Boston Properties during the second quarter valued at approximately $91,000. Institutional investors own 98.72% of the company’s stock.

About Boston Properties

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.