Boston Properties (NYSE:BXP) Stock Rating Lowered by StockNews.com

Boston Properties (NYSE:BXP) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other research analysts also recently issued research reports about the company. Wedbush reduced their target price on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Evercore ISI cut their target price on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. BMO Capital Markets cut their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Truist Financial lowered their price target on Boston Properties from $75.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, June 14th. Finally, Barclays lowered their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.93.

Boston Properties Stock Performance

Shares of NYSE:BXP opened at $62.04 on Wednesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 4.77. Boston Properties has a 12 month low of $50.64 and a 12 month high of $73.97. The firm has a market capitalization of $9.74 billion, a PE ratio of 50.85, a P/E/G ratio of 0.43 and a beta of 1.15. The business has a 50-day moving average of $60.78 and a two-hundred day moving average of $64.49.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. During the same quarter last year, the business earned $1.73 EPS. Boston Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Boston Properties will post 7.05 earnings per share for the current year.

Hedge Funds Weigh In On Boston Properties

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Boston Properties by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock worth $1,539,289,000 after acquiring an additional 122,583 shares during the last quarter. Norges Bank acquired a new stake in shares of Boston Properties in the 4th quarter valued at about $890,848,000. Allspring Global Investments Holdings LLC increased its position in shares of Boston Properties by 3.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,502,079 shares of the real estate investment trust’s stock valued at $294,031,000 after acquiring an additional 166,105 shares during the last quarter. Senvest Management LLC increased its position in shares of Boston Properties by 6.3% in the third quarter. Senvest Management LLC now owns 3,035,887 shares of the real estate investment trust’s stock valued at $180,575,000 after acquiring an additional 179,547 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Boston Properties by 9.6% during the third quarter. Northern Trust Corp now owns 2,780,809 shares of the real estate investment trust’s stock worth $165,403,000 after purchasing an additional 243,246 shares during the period. 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.