Boston Properties, Inc. (NYSE:BXP) Short Interest Up 19.6% in November

Boston Properties, Inc. (NYSE:BXP) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 7,030,000 shares, a growth of 19.6% from the October 31st total of 5,880,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 6.0 days.

Boston Properties Stock Down 1.5 %

Shares of BXP stock opened at $80.79 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. Boston Properties has a one year low of $56.46 and a one year high of $90.11. The company’s fifty day moving average price is $82.43 and its 200-day moving average price is $72.63. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 0.56 and a beta of 1.18.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). The business had revenue of $859.23 million during 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%. Boston Properties’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Sell-side analysts expect that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.85%. Boston Properties’s dividend payout ratio is 169.70%.

Analyst Ratings Changes

Several research firms have issued reports on BXP. Evercore ISI upped their target price 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. Wells Fargo & Company boosted their target price on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. UBS Group increased their target price on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Truist Financial boosted their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $80.92.

Insider Activity

In other Boston Properties news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Boston Properties

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. lifted its stake in 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 purchasing an additional 386 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Boston Properties by 115.5% in the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group bought a new position in Boston Properties during the third quarter valued at approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 547 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other 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.