Compass Point Forecasts Strong Price Appreciation for Boston Properties (NYSE:BXP) Stock

Boston Properties (NYSE:BXP) had its price target increased by research analysts at Compass Point from $75.00 to $80.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s target price would indicate a potential upside of 1.06% from the stock’s current price.

Several other equities analysts have also commented on BXP. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays raised their price target on Boston Properties from $65.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Scotiabank raised their price target on Boston Properties from $82.00 to $91.00 and gave the stock a “sector outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company raised 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. Finally, Truist Financial raised 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average price target of $80.75.

Boston Properties Stock Down 1.7 %

Shares of NYSE:BXP opened at $79.16 on Thursday. The company has a market capitalization of $12.43 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 4.83. The business has a fifty day moving average price of $80.79 and a two-hundred day moving average price of $69.62. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The firm 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 firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. Analysts forecast that Boston Properties will post 7.1 earnings per share for the current year.

Insider Buying and Selling at Boston Properties

In other Boston Properties 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction that occurred 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 owned by corporate insiders.

Institutional Trading of Boston Properties

Several institutional investors have recently bought and sold shares of the business. Norden Group LLC acquired a new stake in shares of Boston Properties in the first quarter worth approximately $287,000. First Trust Direct Indexing L.P. boosted its stake in shares of Boston Properties by 2.8% in the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 182 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Boston Properties by 2.9% in the first quarter. Van ECK Associates Corp now owns 63,617 shares of the real estate investment trust’s stock worth $4,155,000 after acquiring an additional 1,817 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Boston Properties by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 3,348 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 199 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Boston Properties by 8.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,851 shares of the real estate investment trust’s stock worth $1,819,000 after acquiring an additional 2,276 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.