Boston Properties (NYSE:BXP – Get Free Report) had its target price lowered by equities research analysts at Truist Financial from $79.00 to $77.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 11.87% from the stock’s current price.
Several other equities analysts also recently commented on the company. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Piper Sandler raised their target price on Boston Properties from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 20th. Evercore ISI decreased their target price on Boston Properties from $72.00 to $68.00 in a research note on Monday, October 9th. Jefferies Financial Group raised Boston Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $57.00 to $80.00 in a research note on Tuesday, January 2nd. Finally, Compass Point started coverage on Boston Properties in a research note on Tuesday, September 26th. They issued a “neutral” rating and a $65.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.33.
Boston Properties Price Performance
Shares of BXP stock traded down $1.13 on Tuesday, hitting $68.83. 968,660 shares of the company’s stock were exchanged, compared to its average volume of 1,411,456. The company has a debt-to-equity ratio of 1.89, a current ratio of 4.21 and a quick ratio of 4.21. Boston Properties has a 12 month low of $46.18 and a 12 month high of $79.42. The stock has a market cap of $10.80 billion, a P/E ratio of 56.43, a price-to-earnings-growth ratio of 6.16 and a beta of 1.20. The company has a 50 day moving average of $63.81 and a 200 day moving average of $62.21.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BXP. New Mexico Educational Retirement Board lifted its holdings in Boston Properties by 4.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 6,923 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 300 shares in the last quarter. Connective Portfolio Management LLC purchased a new stake in Boston Properties during the 2nd quarter worth about $993,000. Natixis increased its stake in Boston Properties by 48.9% in the 2nd quarter. Natixis now owns 8,079 shares of the real estate investment trust’s stock worth $465,000 after acquiring an additional 2,653 shares during the last quarter. M&G Investment Management Ltd. bought a new position in Boston Properties in the 2nd quarter worth about $5,623,000. Finally, Quantinno Capital Management LP bought a new position in Boston Properties in the 2nd quarter worth about $582,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.
Boston Properties Company Profile
BXP NYSE: BXP 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.