Boston Properties (NYSE:BXP) Stock Price Expected to Rise, UBS Group Analyst Says

Boston Properties (NYSE:BXP) had its price objective increased by equities research analysts at UBS Group from $64.00 to $80.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price would suggest a potential downside of 1.17% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lifted 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. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Scotiabank increased their price target on shares of Boston Properties from $82.00 to $91.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $80.69.

Boston Properties Stock Performance

Shares of BXP opened at $80.95 on Tuesday. The company has a quick ratio of 4.83, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a 52-week low of $50.64 and a 52-week high of $90.11. The stock has a 50 day moving average price of $81.19 and a 200 day moving average price of $70.16. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18.

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

Insider Activity at Boston Properties

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. 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 worth $35,000 after buying an additional 386 shares in the last quarter. UMB Bank n.a. raised its position in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 valued at $89,000 after purchasing an additional 547 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boston Properties during the 2nd quarter worth approximately $91,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.