Boston Properties (BXP) Stock Price, News & Analysis

Company Overview

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. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by joint ventures, BXP's portfolio totals 53.3 million square feet and 188 properties, including 10 properties under construction/redevelopment. BXP's properties include 167 office properties, 14 retail properties (including two retail properties under construction/redevelopment), six residential properties (including one residential property under construction) and one hotel. BXP is well-known for its inhouse building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP has earned a twelfth consecutive GRESB Green Star recognition and the highest GRESB 5-star Rating. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997.

Key Stats

• Today's Range: $73.33 to $76.07
• 50-Day Range: $73.33 to $89.72
• 52-Week Range: $56.46 to $90.11
• Volume: 3.03 million shs
• Average Volume: 1.27 million shs
• Market Capitalization: $11.80 billion
• P/E Ratio: 32.31
• Dividend Yield: 5.25%
• Price Target: $81.38
• Consensus Rating: Hold

Boston Properties Stock Analysis - MarketRank™

Boston Properties scored higher than 80% of companies evaluated by MarketBeat, and ranked 222nd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Boston Properties has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Boston Properties has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 0.28%

Earnings Growth

Earnings for Boston Properties are expected to grow by 0.28% in the coming year, from $7.10 to $7.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Boston Properties is 32.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Boston Properties is 32.31, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.71.

Price to Earnings Growth Ratio

Boston Properties has a PEG Ratio of 0.55. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Boston Properties has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.30% of the outstanding shares of Boston Properties have been sold short.

Short Interest Ratio / Days to Cover

Boston Properties has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Boston Properties has recently decreased by 3.27%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Boston Properties is a leading dividend payer. It pays a dividend yield of 4.88%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Boston Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Boston Properties is 169.70%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Boston Properties will have a dividend payout ratio of 55.06% next year. This indicates that Boston Properties will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -2.62

Percentage of Shares Shorted

4.30% of the outstanding shares of Boston Properties have been sold short.

Short Interest Ratio / Days to Cover

Boston Properties has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Boston Properties has recently decreased by 3.27%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.59

News Sentiment

Boston Properties has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Boston Properties this week, compared to 7 articles on an average week.

Search Interest

Only 3 people have searched for BXP on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Boston Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.35% of the stock of Boston Properties is held by insiders.

Percentage Held by Institutions

98.72% of the stock of Boston Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BXP Stock Analysis - Frequently Asked Questions

How have BXP shares performed this year?

Boston Properties' stock was trading at $70.17 at the beginning of the year. Since then, BXP shares have increased by 6.4% and is now trading at $74.64.
View the best growth stocks for 2024 here.

How were Boston Properties' earnings last quarter?

Boston Properties, Inc. (NYSE:BXP) released its 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. Boston Properties's revenue for the quarter was up 4.2% on a year-over-year basis.
Read the conference call transcript.

Who are Boston Properties' major shareholders?

Top institutional investors of Boston Properties include Whittier Trust Co. (0.19%), Whittier Trust Co. of Nevada Inc. (0.09%), Sun Life Financial Inc. (0.08%) and Raymond James & Associates (0.07%). Insiders that own company stock include Carol B Einiger, Matthew J Lustig, Eric G Kevorkian, Peter V Otteni and Raymond A Ritchey.
View institutional ownership trends.

How do I buy shares of Boston Properties?

Shares of BXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Boston Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Boston Properties investors own include Meta Platforms (META), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Tesla (TSLA), Visa (V) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 9/30/2024
• Last Earnings: 10/29/2024
• Dividend Payable: 10/31/2024
• Today: 12/21/2024
• Ex-Dividend for 1/30 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Office REITs
• Current Symbol: NYSE:BXP
• CUSIP: 10112110
• CIK: 1037540
• Web: www.bostonproperties.com
• Phone: (617) 236-3300
• Fax: 302-655-5049
• Employees: 780
• Year Founded: 1970

Price Target and Rating

• Average Stock Price Target: $81.38
• High Stock Price Target: $105.00
• Low Stock Price Target: $62.00
• Potential Upside/Downside: +9.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.46
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.31
• Trailing P/E Ratio: 32.31
• Forward P/E Ratio: 10.51
• P/E Growth: 0.55
• Net Income: $190.21 million
• Net Margins: 10.75%
• Pretax Margin: 14.07%
• Return on Equity: 4.40%
• Return on Assets: 1.40%

Debt

• Debt-to-Equity Ratio: 2.01
• Current Ratio: 5.51
• Quick Ratio: 5.51

Sales & Book Value

• Annual Sales: $3.38 billion
• Price / Sales: 3.49
• Cash Flow: $6.08 per share
• Price / Cash Flow: 12.27
• Book Value: $52.15 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 158,111,000
• Free Float: 155,977,000
• Market Cap: $11.80 billion
• Optionable: Optionable
• Beta: 1.17