Boston Properties (NYSE:BXP) Given “Sector Perform” Rating at Scotiabank

Boston Properties (NYSE:BXP)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a report released on Thursday, Marketbeat reports. They presently have a $85.00 target price on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 2.57% from the stock’s previous close.

Several other research analysts have also weighed in on BXP. UBS Group boosted their price target on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial boosted their price target on Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Wells Fargo & Company boosted their price target on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Barclays lifted their target price on Boston Properties from $65.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $80.23.

Boston Properties Stock Up 0.3 %

NYSE:BXP opened at $82.87 on Thursday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.83 and a current ratio of 5.51. The company has a market cap of $13.10 billion, a PE ratio of 35.87, a PEG ratio of 0.55 and a beta of 1.18. Boston Properties has a 52-week low of $50.64 and a 52-week high of $90.11. The stock has a 50-day simple moving average of $81.51 and a 200 day simple moving average of $70.40.

Boston Properties (NYSE:BXP) last posted its quarterly 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). The company had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. On average, sell-side analysts expect that Boston Properties will post 7.1 EPS for the current fiscal year.

Insider Activity at Boston Properties

In related news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Boston Properties

A number of institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Boston Properties by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 150 shares during the period. Mystic Asset Management Inc. raised its holdings in shares of Boston Properties by 3.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 165 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Boston Properties by 0.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after buying an additional 175 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC raised its holdings in shares of Boston Properties by 7.5% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 300 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

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.