Boston Properties (NYSE:BXP) Price Target Cut to $100.00 by Analysts at Piper Sandler

Boston Properties (NYSE:BXP - Get Free Report) had its target price lowered by investment analysts at Piper Sandler from $105.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's price objective indicates a potential upside of 38.95% from the stock's previous close.

BXP has been the subject of a number of other reports. Wedbush raised shares of Boston Properties from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 8th. UBS Group boosted their price objective on Boston Properties from $64.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Mizuho lowered their target price on Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Truist Financial boosted their price target on Boston Properties from $77.00 to $83.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Finally, Compass Point upgraded shares of Boston Properties from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $82.23.

Boston Properties Stock Performance

BXP traded down $1.17 on Thursday, hitting $71.97. 473,064 shares of the company's stock were exchanged, compared to its average volume of 1,308,593. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average of $75.73 and a two-hundred day moving average of $76.76. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11. The firm has a market cap of $11.38 billion, a PE ratio of 720.12, a P/E/G ratio of 0.52 and a beta of 1.18.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. On average, research analysts anticipate that Boston Properties will post 6.89 earnings per share for the current fiscal year.

Institutional Trading of Boston Properties

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 386 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position 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 buying an additional 603 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Boston Properties in the third quarter worth $58,000. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 547 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Boston Properties during the second quarter valued at $116,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

About Boston Properties

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.