Boston Properties (NYSE:BXP) Shares Gap Down – Time to Sell?

Boston Properties, Inc. (NYSE:BXP)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $73.18, but opened at $70.42. Boston Properties shares last traded at $70.17, with a volume of 317,483 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BXP. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $105.00 in a report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wedbush raised shares of Boston Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho decreased their price target on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays increased their price target on Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and an average target price of $82.00.

Boston Properties Trading Down 3.6 %

The firm has a market cap of $11.15 billion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The business’s 50 day moving average is $76.27 and its 200-day moving average is $76.70. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01.

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, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. As a group, analysts forecast that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.56%. Boston Properties’s payout ratio is 169.70%.

Hedge Funds Weigh In On Boston Properties

Several large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in shares of 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 acquiring an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Boston Properties by 1.8% during 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. raised its position in shares of Boston Properties by 212.1% in 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 during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $89,000 after buying an additional 547 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Boston Properties by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 590 shares during the period. 98.72% of the stock is currently owned by institutional investors.

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.