Boston Properties (NYSE:BXP) Shares Gap Down – What’s Next?

Shares of Boston Properties, Inc. (NYSE:BXP) gapped down prior to trading on Wednesday . The stock had previously closed at $73.18, but opened at $70.42. Boston Properties shares last traded at $70.17, with a volume of 317,483 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BXP. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $105.00 in a research report on Wednesday, October 23rd. UBS Group lifted their price objective on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wedbush upgraded Boston Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group decreased their price target on Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.00.

Boston Properties Stock Down 3.6 %

The firm’s 50-day simple moving average is $76.27 and its two-hundred day simple moving average is $76.70. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 0.50 and a beta of 1.18. 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 (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. On average, sell-side analysts expect that Boston Properties, Inc. will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 31st. Boston Properties’s dividend payout ratio is 169.70%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB lifted its holdings in Boston Properties by 32.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 1,600 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Boston Properties by 18.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 590 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Boston Properties by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 156 shares during the period. Brooklyn Investment Group boosted its position in shares of Boston Properties by 19.8% in the 4th quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after purchasing an additional 6,687 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.