Jefferies Financial Group Issues Pessimistic Forecast for Boston Properties (NYSE:BXP) Stock Price

Boston Properties (NYSE:BXP) had its price objective decreased by research analysts at Jefferies Financial Group from $93.00 to $84.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential upside of 12.13% from the company’s current price.

A number of other equities analysts have also recently commented on BXP. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Wedbush downgraded Boston Properties from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $81.00 to $70.00 in a report on Thursday. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Scotiabank reiterated a “sector perform” rating and issued a $85.00 target price on shares of Boston Properties in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $81.69.

Boston Properties Trading Up 1.6 %

Shares of BXP stock opened at $74.91 on Thursday. The company has a market cap of $11.84 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11. The stock’s 50 day simple moving average is $79.69 and its two-hundred day simple moving average is $75.24. 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 released 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 analysts’ expectations of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. Research analysts predict that Boston Properties will post 7.1 earnings per share for the current year.

Institutional Investors Weigh In On Boston Properties

Several large investors have recently modified their holdings of BXP. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Boston Properties by 212.1% during the second 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 in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings 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 worth $49,000 after buying an additional 603 shares during the period. Brooklyn Investment Group bought a new stake in Boston Properties during the 3rd quarter valued at $58,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Boston Properties by 61.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 547 shares during the period. Finally, Centaurus Financial Inc. bought a new position in shares of Boston Properties in the 2nd quarter worth $116,000. Institutional investors 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.