Boston Properties (NYSE:BXP) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Boston Properties (NYSE:BXP) in a research note published on Monday morning, Marketbeat reports. The firm issued a buy rating and a $78.00 target price on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the stock. Barclays cut their target price on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Piper Sandler dropped their price objective on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Mizuho decreased 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 report on Tuesday, January 7th. Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Scotiabank decreased their price target on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Boston Properties presently has an average rating of “Hold” and an average target price of $80.85.

Boston Properties Stock Performance

Shares of Boston Properties stock opened at $68.84 on Monday. 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 stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 688.46, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The business has a 50-day moving average of $70.30 and a 200 day moving average of $76.58. Boston Properties has a 12 month low of $56.46 and a 12 month high of $90.11.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, sell-side analysts forecast that Boston Properties will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Donna D. Garesche sold 2,143 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Boston Properties

Several hedge funds and other institutional investors have recently made changes to their positions in BXP. Cbre Investment Management Listed Real Assets LLC increased its holdings in Boston Properties by 12.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after buying an additional 18,900 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after acquiring an additional 6,687 shares during the period. Wealthfront Advisers LLC increased its stake in Boston Properties by 198.9% in the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after purchasing an additional 99,248 shares in the last quarter. Van ECK Associates Corp raised its holdings in Boston Properties by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds 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.