Short Interest in Boston Properties, Inc. (NYSE:BXP) Increases By 6.8%

Boston Properties, Inc. (NYSE:BXPGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 8,160,000 shares, an increase of 6.8% from the April 30th total of 7,640,000 shares. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 6.7 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Evercore ISI lowered their price target on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Wedbush lowered their price target on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Truist Financial lowered their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Barclays lowered their price target on shares of 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. Finally, BMO Capital Markets lowered their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.47.

Check Out Our Latest Report on BXP

Boston Properties Price Performance

BXP stock opened at $60.04 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties has a 52 week low of $49.67 and a 52 week high of $73.97. The firm’s fifty day moving average is $61.39 and its 200 day moving average is $64.12. The firm has a market cap of $9.43 billion, a P/E ratio of 49.21, a P/E/G ratio of 0.42 and a beta of 1.15.

Boston Properties (NYSE:BXPGet Free Report) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.22). The business had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. Boston Properties’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 EPS. Research analysts predict that Boston Properties will post 7.05 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

A number of large investors have recently added to or reduced their stakes in BXP. Norges Bank bought a new stake in Boston Properties in the 4th quarter worth $890,848,000. Ameriprise Financial Inc. lifted its position in shares of Boston Properties by 86.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,957,055 shares of the real estate investment trust’s stock worth $112,977,000 after purchasing an additional 906,069 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Boston Properties in the 3rd quarter worth about $43,709,000. Earnest Partners LLC lifted its position in shares of Boston Properties by 29.8% in the 1st quarter. Earnest Partners LLC now owns 2,094,625 shares of the real estate investment trust’s stock worth $136,800,000 after purchasing an additional 480,961 shares during the period. Finally, Centersquare Investment Management LLC lifted its position in shares of Boston Properties by 30.9% in the 4th quarter. Centersquare Investment Management LLC now owns 1,986,707 shares of the real estate investment trust’s stock worth $139,407,000 after purchasing an additional 468,950 shares during the period. Institutional investors own 98.72% of the company’s stock.

Boston Properties Company Profile

(Get Free Report)

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.

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