Boston Properties' (BXP) "Sector Perform" Rating Reaffirmed at Scotiabank

Boston Properties (NYSE:BXP - Get Free Report)'s stock had its "sector perform" rating reissued by Scotiabank in a report issued on Thursday, MarketBeat reports. They currently have a $85.00 price target on the real estate investment trust's stock. Scotiabank's price objective would suggest a potential upside of 3.57% from the stock's current price.

A number of other research analysts have also recently commented on the company. Barclays raised their price target on Boston Properties from $65.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Truist Financial boosted their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. StockNews.com cut shares of Boston Properties from a "hold" rating to a "sell" rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Finally, Evercore ISI lifted their price target on Boston Properties from $77.00 to $84.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $80.23.

Boston Properties Price Performance

NYSE:BXP traded up $1.12 during mid-day trading on Thursday, hitting $82.07. 1,017,090 shares of the company's stock traded hands, compared to its average volume of 1,272,266. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11. The firm's 50 day simple moving average is $81.19 and its 200 day simple moving average is $70.16. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.83 and a current ratio of 5.51. The company has a market cap of $12.89 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings results 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). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same quarter in the previous year, the business posted $1.86 EPS. Boston Properties's revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Boston Properties will post 7.1 EPS for the current year.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BXP. Norden Group LLC acquired a new stake in Boston Properties during the 1st quarter worth approximately $287,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Boston Properties by 8.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,851 shares of the real estate investment trust's stock valued at $1,819,000 after purchasing an additional 2,276 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Boston Properties in the first quarter valued at $643,000. Texas Permanent School Fund Corp increased its stake in Boston Properties by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 29,809 shares of the real estate investment trust's stock worth $1,947,000 after buying an additional 394 shares during the period. Finally, Duality Advisers LP purchased a new stake in shares of Boston Properties during the first quarter valued at $233,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.