Boston Properties, Inc. (NYSE:BXP) Sees Significant Increase in Short Interest

Boston Properties, Inc. (NYSE:BXPGet Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 7,300,000 shares, an increase of 6.6% from the December 31st total of 6,850,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 6.1 days.

Analyst Ratings Changes

A number of research firms have issued reports on BXP. Scotiabank restated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Truist Financial upped their price target on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Finally, Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Get Our Latest Stock Analysis on Boston Properties

Institutional Investors Weigh In On Boston Properties

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Boston Properties by 44.9% in the 2nd quarter. AQR Capital Management LLC now owns 58,217 shares of the real estate investment trust’s stock valued at $3,526,000 after purchasing an additional 18,034 shares during the last quarter. Creative Planning raised its holdings in shares of Boston Properties by 7.7% in the second quarter. Creative Planning now owns 25,570 shares of the real estate investment trust’s stock valued at $1,574,000 after buying an additional 1,835 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Boston Properties by 61.4% during the 2nd 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in Boston Properties during the 2nd quarter worth about $1,114,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Price Performance

NYSE:BXP traded up $0.52 during mid-day trading on Tuesday, hitting $72.20. The company’s stock had a trading volume of 191,778 shares, compared to its average volume of 1,277,553. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average of $75.52 and a 200-day moving average of $76.79. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 723.41, a P/E/G ratio of 0.52 and a beta of 1.18. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11.

Boston Properties (NYSE:BXPGet Free Report) last posted its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, equities analysts forecast that Boston Properties will post 6.89 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s payout ratio is 3,920.39%.

Boston Properties Company Profile

(Get Free Report)

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.

Further Reading

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