Boston Properties, Inc. (NYSE:BXP) Sees Large Increase in Short Interest

Boston Properties, Inc. (NYSE:BXP - Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 7,030,000 shares, an increase 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 days-to-cover ratio is presently 6.0 days.

Boston Properties Stock Performance

Shares of BXP stock traded down $0.87 during trading hours on Friday, reaching $81.99. 957,531 shares of the company traded hands, compared to its average volume of 1,229,768. The firm has a 50-day moving average price of $82.45 and a 200 day moving average price of $72.51. The company has a market cap of $12.96 billion, a P/E ratio of 35.49, a P/E/G ratio of 0.56 and a beta of 1.18. 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 12-month low of $56.28 and a 12-month high of $90.11.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million for 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 for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. As a group, sell-side analysts predict that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.78%. Boston Properties's payout ratio is presently 169.70%.

Wall Street Analyst Weigh In

BXP has been the topic of several recent analyst reports. StockNews.com cut Boston Properties from a "hold" rating to a "sell" rating in a research report on Thursday, October 31st. Piper Sandler upgraded shares of Boston Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Scotiabank restated a "sector perform" rating and set a $85.00 price objective on shares of Boston Properties in a research report on Thursday, November 7th. Compass Point raised shares of Boston Properties from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, Barclays increased their price target on Boston Properties from $88.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. One equities 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 MarketBeat, the stock has an average rating of "Hold" and an average target price of $80.92.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The stock was 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 is available through this link. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boston Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC grew its position in shares of Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust's stock worth $162,348,000 after purchasing an additional 542,610 shares in the last quarter. Sei Investments Co. grew its holdings in Boston Properties by 32.9% during the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust's stock valued at $92,567,000 after buying an additional 371,946 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Boston Properties during the second quarter valued at approximately $12,914,000. AMF Tjanstepension AB bought a new stake in shares of Boston Properties during the second quarter valued at approximately $8,941,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Boston Properties by 6.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust's stock worth $118,394,000 after buying an additional 120,650 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.