Mizuho Cuts Boston Properties (NYSE:BXP) Price Target to $86.00

Boston Properties (NYSE:BXP) had its price objective cut by equities researchers at Mizuho from $92.00 to $86.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target points to a potential upside of 19.48% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Truist Financial lifted their target price on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and increased their target price for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Barclays increased their price objective on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Boston Properties presently has an average rating of “Hold” and an average target price of $82.00.

Boston Properties Stock Performance

Shares of NYSE:BXP opened at $71.98 on Tuesday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. The business’s fifty day moving average price is $79.14 and its two-hundred day moving average price is $75.59. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Earnest Partners LLC grew its stake in shares of Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after purchasing an additional 542,610 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Boston Properties by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after buying an additional 120,650 shares during the last quarter. Sei Investments Co. boosted its holdings in Boston Properties by 32.9% during the second quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock worth $92,567,000 after buying an additional 371,946 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Boston Properties by 30.4% in the 2nd quarter. Hsbc Holdings PLC now owns 394,467 shares of the real estate investment trust’s stock valued at $24,216,000 after acquiring an additional 91,954 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Boston Properties by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 376,155 shares of the real estate investment trust’s stock valued at $23,156,000 after acquiring an additional 16,469 shares during the last quarter. Institutional investors and hedge funds 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.