Boston Properties (NYSE:BXP) Stock Price Up 5.5% – What’s Next?

Boston Properties, Inc. (NYSE:BXP)’s stock price was up 5.5% during mid-day trading on Monday . The stock traded as high as $68.92 and last traded at $69.09. Approximately 301,792 shares traded hands 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 Ratings Changes

Several research analysts recently issued reports on BXP shares. Wedbush cut Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Jefferies Financial Group initiated coverage on Boston Properties in a report on Monday. They set a “buy” rating and a $78.00 target price for the company. Wells Fargo & Company lowered their target price on Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Mizuho lowered their target price on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Scotiabank lowered their target price 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $80.85.

Boston Properties Price Performance

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

Boston Properties (NYSE:BXP) last announced its quarterly earnings results 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 return on equity of 3.90% and a net margin of 0.38%. As a group, analysts predict that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Activity

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

Large investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in shares of Boston Properties by 30.6% during the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock worth $70,612,000 after purchasing an additional 222,284 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Boston Properties during the 4th quarter worth approximately $8,994,000. Wealthfront Advisers LLC boosted its holdings in shares of Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after purchasing an additional 99,248 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after purchasing an additional 18,900 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Boston Properties by 3.5% during the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock worth $22,812,000 after purchasing an additional 10,429 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.