Mizuho Cuts Boston Properties (NYSE:BXP) Price Target to $86.00

Boston Properties (NYSE:BXP - Get Free Report) had its target price cut by equities research analysts at Mizuho from $92.00 to $86.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target would suggest a potential upside of 22.21% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the stock. Scotiabank restated a "sector perform" rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. Evercore ISI lifted their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Wedbush downgraded shares of Boston Properties from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $81.00 to $70.00 in a research note on Thursday, January 2nd. Barclays raised their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Finally, Piper Sandler raised Boston Properties from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $82.00.

Boston Properties Price Performance

BXP traded down $1.62 during trading on Tuesday, reaching $70.37. The stock had a trading volume of 1,448,056 shares, compared to its average volume of 1,089,838. The stock has a market cap of $11.13 billion, a PE ratio of 30.46, a PEG ratio of 0.55 and a beta of 1.18. The business has a 50-day moving average of $79.14 and a 200-day moving average of $75.59. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. Boston Properties has a one year low of $56.46 and a one year high of $90.11.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. During the same period last year, the business earned $1.86 EPS. Boston Properties's revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Boston Properties will post 7.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BXP. Vanguard Personalized Indexing Management LLC increased its position in shares of Boston Properties by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust's stock worth $1,261,000 after purchasing an additional 150 shares in the last quarter. Mystic Asset Management Inc. raised its stake in Boston Properties by 3.1% in the second quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 165 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Boston Properties by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust's stock valued at $3,917,000 after buying an additional 175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 547 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

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.