Boston Properties (NYSE:BXP) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Boston Properties (NYSE:BXP) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $78.00 price objective on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on BXP. Wells Fargo & Company dropped their target price on Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Truist Financial upped their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Scotiabank lowered their target price on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Mizuho dropped their target price on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays decreased their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Two investment 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.85.

Boston Properties Stock Up 0.6 %

Shares of NYSE:BXP opened at $68.84 on Monday. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The business’s 50 day moving average is $70.30 and its 200 day moving average is $76.58. The stock has a market cap of $10.89 billion, a P/E ratio of 688.46, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11.

Boston Properties (NYSE:BXP) 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 net margin of 0.38% and a return on equity of 3.90%. Sell-side analysts predict that Boston Properties will post 6.91 EPS for the current year.

Insider Activity at Boston Properties

In other news, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value 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 represents a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boston Properties

A number of institutional investors have recently bought and sold shares of BXP. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Boston Properties during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd grew its position 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 worth $49,000 after acquiring an additional 603 shares during the period. Brooklyn Investment Group acquired a new stake in Boston Properties during the third quarter worth $58,000. Huntington National Bank raised its position in Boston Properties by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 263 shares during the period. Finally, Hurley Capital LLC acquired a new position in shares of Boston Properties in the 4th quarter valued at $94,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.