Boston Properties (NYSE:BXP) Lowered to "Strong Sell" Rating by Wedbush

Boston Properties (NYSE:BXP - Get Free Report) was downgraded by equities researchers at Wedbush from a "hold" rating to a "strong sell" rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on BXP. Barclays boosted their target price on Boston Properties from $88.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Monday, November 18th. Mizuho dropped their target price on Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Truist Financial boosted their target price on Boston Properties from $77.00 to $83.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Scotiabank restated a "sector perform" rating and issued a $85.00 target price on shares of Boston Properties in a research report on Thursday, November 7th. Finally, Compass Point upgraded Boston Properties from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Boston Properties presently has a consensus rating of "Hold" and an average target price of $82.23.

Boston Properties Price Performance

BXP stock traded up $0.46 during mid-day trading on Thursday, reaching $72.14. 440,666 shares of the company traded hands, compared to its average volume of 1,288,576. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. The company has a market capitalization of $11.41 billion, a P/E ratio of 721.37, a P/E/G ratio of 0.52 and a beta of 1.18. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The company has a fifty day moving average price of $75.52 and a 200-day moving average price of $76.79.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping 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, analysts anticipate that Boston Properties will post 6.89 earnings per share for the current year.

Institutional Investors Weigh In On Boston Properties

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Boston Properties by 212.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 386 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 603 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Boston Properties in the third quarter worth $58,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Boston Properties by 61.4% during the second 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 during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Boston Properties during the second quarter valued at $116,000. 98.72% of the stock is owned by hedge funds and other 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.