Boston Properties (NYSE:BXP) Rating Increased to Hold at Wedbush

Boston Properties (NYSE:BXP - Get Free Report) was upgraded by equities research analysts at Wedbush from a "strong sell" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Truist Financial raised their target price on shares of Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price target on Boston Properties from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Scotiabank restated a "sector perform" rating and set a $85.00 target price on shares of Boston Properties in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price target on Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Mizuho reduced their price objective on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $82.00.

Boston Properties Stock Down 2.5 %

NYSE BXP traded down $1.75 on Wednesday, reaching $68.18. The company had a trading volume of 1,886,375 shares, compared to its average volume of 1,240,928. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The company's fifty day moving average is $78.14 and its 200 day moving average is $75.62. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The stock has a market capitalization of $10.78 billion, a P/E ratio of 29.52, a P/E/G ratio of 0.55 and a beta of 1.18.

Boston Properties (NYSE:BXP - Get Free Report) last issued its 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). The company had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. Sell-side analysts anticipate that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Institutional Trading of Boston Properties

Several large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. lifted its position in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 386 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in 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 valued at $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Boston Properties during the 3rd quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boston Properties by 61.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust's stock worth $89,000 after buying an additional 547 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in Boston Properties in the second quarter worth about $116,000. 98.72% of the stock is currently 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.