Boston Properties (NYSE:BXP) Stock Price Up 5.5% – Time to Buy?

Boston Properties, Inc. (NYSE:BXP)’s share price rose 5.5% during trading on Monday . The company traded as high as $68.92 and last traded at $69.09. Approximately 301,792 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,164,896 shares. The stock had previously closed at $65.51.

Analyst Upgrades and Downgrades

BXP has been the subject of a number of research analyst reports. Barclays reduced their target price on Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Scotiabank cut their price objective on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Jefferies Financial Group began coverage on Boston Properties in a report on Monday. They issued a “buy” rating and a $78.00 price objective for the company. Truist Financial lifted their price objective on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Mizuho cut their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Boston Properties presently has a consensus rating of “Hold” and an average price target of $80.85.

Boston Properties Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. The company has a market capitalization of $10.81 billion, a PE ratio of 683.55, a P/E/G ratio of 0.91 and a beta of 1.19. The business has a 50-day moving average of $70.32 and a 200 day moving average of $76.64.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities research analysts predict that Boston Properties, Inc. will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In other Boston Properties news, EVP Donna D. Garesche sold 2,143 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Canada Post Corp Registered Pension Plan bought a new position in shares of Boston Properties during the fourth quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd grew its stake in shares of Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group bought a new position in Boston Properties in the third quarter worth approximately $58,000. Huntington National Bank grew its stake in Boston Properties by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 263 shares in the last quarter. Finally, Hurley Capital LLC bought a new position in Boston Properties in the fourth quarter worth approximately $94,000. 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.