Boston Properties (NYSE:BXP) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group started coverage on shares of Boston Properties (NYSE:BXP) in a report issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $78.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 14.12% from the stock’s previous close.

Several other analysts have also weighed in on the company. Truist Financial upped their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Mizuho cut their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their price objective on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Barclays cut their target price on Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Finally, Scotiabank cut their target price on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Boston Properties has a consensus rating of “Hold” and an average target price of $80.85.

Boston Properties Trading Down 0.4 %

Shares of BXP stock opened at $68.35 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The firm has a market capitalization of $10.81 billion, a PE ratio of 683.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The stock has a fifty day moving average of $70.32 and a two-hundred day moving average of $76.64. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, research analysts expect that Boston Properties will post 6.91 EPS for the current year.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the transaction, the executive vice president now directly owns 7,271 shares of the company’s stock, valued at $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BXP. Canada Post Corp Registered Pension Plan acquired a new position in Boston Properties in the 4th quarter worth about $32,000. Harvest Fund Management Co. Ltd increased its position in Boston Properties by 5,025.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 603 shares during the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties in the 3rd quarter worth about $58,000. Huntington National Bank increased its position in Boston Properties by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 263 shares during the last quarter. Finally, Hurley Capital LLC acquired a new position in Boston Properties in the 4th quarter worth about $94,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Company Profile

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.