Boston Properties, Inc. (NYSE:BXP – Get Rating) Director Matthew J. Lustig purchased 10,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were acquired at an average cost of $52.92 per share, for a total transaction of $529,200.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $529,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Boston Properties Stock Down 2.6 %
BXP stock opened at $53.51 on Friday. Boston Properties, Inc. has a 52 week low of $51.60 and a 52 week high of $133.11. The business has a 50-day simple moving average of $68.50 and a 200 day simple moving average of $71.53. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.39 billion, a PE ratio of 9.91 and a beta of 1.08.
Boston Properties (NYSE:BXP – Get Rating) last issued its earnings results on Wednesday, February 1st. The real estate investment trust reported $0.78 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.06). The firm had revenue of $789.82 million during the quarter, compared to analyst estimates of $732.90 million. Boston Properties had a net margin of 27.31% and a return on equity of 10.31%. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Sell-side analysts anticipate that Boston Properties, Inc. will post 7.14 EPS for the current fiscal year.
Boston Properties Dividend Announcement
Wall Street Analyst Weigh In
BXP has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Boston Properties from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. StockNews.com assumed coverage on shares of Boston Properties in a research note on Thursday. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price objective on shares of Boston Properties from $76.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft downgraded Boston Properties from a “buy” rating to a “hold” rating and decreased their target price for the company from $91.00 to $74.00 in a research report on Wednesday, January 4th. Finally, Morgan Stanley dropped their price target on Boston Properties from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, March 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Boston Properties has a consensus rating of “Hold” and a consensus target price of $85.39.
Institutional Investors Weigh In On Boston Properties
A number of large investors have recently modified their holdings of BXP. Raymond James Financial Services Advisors Inc. lifted its position in shares of Boston Properties by 17.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,714 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 396 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Boston Properties in the first quarter worth about $214,000. Private Advisor Group LLC acquired a new stake in shares of Boston Properties in the 1st quarter valued at approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Boston Properties by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock valued at $2,450,000 after purchasing an additional 1,178 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Boston Properties by 38.8% during the 1st quarter. APG Asset Management N.V. now owns 11,448 shares of the real estate investment trust’s stock worth $1,325,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 88.62% of the company’s stock.
Boston Properties Company Profile
Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.
- Get a free copy of the StockNews.com research report on Boston Properties (BXP)
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