Boston Properties (NYSE:BXP) Hits New 52-Week Low at $105.04

Boston Properties, Inc. (NYSE:BXPGet Rating) hit a new 52-week low during trading on Thursday . The company traded as low as $105.04 and last traded at $105.08, with a volume of 1460025 shares trading hands. The stock had previously closed at $109.80.

Several research firms have recently issued reports on BXP. TheStreet upgraded Boston Properties from a “c+” rating to a “b” rating in a research note on Tuesday, January 25th. Mizuho upgraded Boston Properties from a “neutral” rating to a “buy” rating and increased their target price for the company from $120.00 to $135.00 in a research note on Thursday, April 21st. StockNews.com started coverage on Boston Properties in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Boston Properties from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Boston Properties has an average rating of “Buy” and a consensus price target of $131.36.

The company has a debt-to-equity ratio of 1.65, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.47 and a beta of 1.08. The stock’s fifty day moving average is $121.92 and its two-hundred day moving average is $119.16.

Boston Properties (NYSE:BXPGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.91 EPS for the quarter, beating the consensus estimate of $0.67 by $0.24. Boston Properties had a net margin of 18.69% and a return on equity of 6.80%. During the same period last year, the business posted $1.56 earnings per share. On average, equities research analysts expect that Boston Properties, Inc. will post 7.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 3.73%. The ex-dividend date was Wednesday, March 30th. Boston Properties’s payout ratio is 112.32%.

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,102 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $120.52, for a total value of $2,543,213.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of BXP. Allworth Financial LP increased its position in shares of Boston Properties by 4,800.0% in the first quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 192 shares during the period. Tcwp LLC bought a new stake in shares of Boston Properties during the 1st quarter valued at about $26,000. Richwood Investment Advisors LLC bought a new stake in shares of Boston Properties during the 4th quarter valued at about $26,000. Evoke Wealth LLC boosted its stake in shares of Boston Properties by 221.7% during the 3rd quarter. Evoke Wealth LLC now owns 267 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 184 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new stake in shares of Boston Properties during the 4th quarter valued at about $29,000. Institutional investors own 98.02% of the company’s stock.

Boston Properties Company Profile (NYSE:BXP)

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Featured Stories

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.