Boston Properties (NYSE:BXP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Boston Properties, Inc. (NYSE:BXP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.74 and traded as high as $76.88. Boston Properties shares last traded at $76.23, with a volume of 677,552 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on BXP. Evercore ISI boosted their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank restated a “sector perform” rating and set a $85.00 price objective on shares of Boston Properties in a research report on Thursday, November 7th. Piper Sandler raised Boston Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $78.00 to $105.00 in a report on Wednesday, October 23rd. Barclays lifted their price target on Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $88.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.38.

Boston Properties Stock Performance

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 firm has a market capitalization of $12.05 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company’s 50 day moving average is $81.03 and its 200-day moving average is $74.74.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same period last year, the company earned $1.86 EPS. Boston Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.14%. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Earnest Partners LLC raised its holdings in shares of Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after acquiring an additional 542,610 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Boston Properties by 6.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after purchasing an additional 120,650 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Boston Properties by 32.9% in the second quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after purchasing an additional 371,946 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Boston Properties by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,248,824 shares of the real estate investment trust’s stock valued at $76,878,000 after buying an additional 38,048 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Boston Properties by 17.8% during the second quarter. Principal Financial Group Inc. now owns 587,302 shares of the real estate investment trust’s stock worth $36,154,000 after buying an additional 88,569 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.