Boston Properties, Inc. (NYSE:BXP – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 7,300,000 shares, a growth of 6.6% from the December 15th total of 6,850,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is currently 6.1 days.
Boston Properties Price Performance
NYSE:BXP opened at $73.32 on Tuesday. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The business’s 50-day moving average price is $77.13 and its 200 day moving average price is $76.18. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The firm has a market cap of $11.59 billion, a P/E ratio of 31.74, a PEG ratio of 0.46 and a beta of 1.18.
Boston Properties (NYSE:BXP – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) 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 business had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Boston Properties will post 7.1 earnings per share for the current fiscal year.
Boston Properties Dividend Announcement
Hedge Funds Weigh In On Boston Properties
A number of hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of 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 purchasing an additional 386 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in 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 in the last quarter. Brooklyn Investment Group acquired a new position in shares of Boston Properties in the third quarter worth about $58,000. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 547 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Boston Properties during the second quarter valued at approximately $116,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BXP has been the subject of several analyst reports. Barclays boosted their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group reduced their price objective on Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Scotiabank reissued a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $82.00.
Get Our Latest Stock Analysis on Boston Properties
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.
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