Boston Properties, Inc. (NYSE:BXP) Short Interest Update

Boston Properties, Inc. (NYSE:BXP) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 8,060,000 shares, a growth of 7.9% from the March 15th total of 7,470,000 shares. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is currently 5.5 days.

Boston Properties Trading Down 0.1 %

Shares of BXP traded down $0.03 during trading on Wednesday, reaching $57.95. 1,416,308 shares of the company traded hands, compared to its average volume of 1,454,424. Boston Properties has a twelve month low of $46.80 and a twelve month high of $73.97. The stock has a market cap of $9.10 billion, a PE ratio of 47.89 and a beta of 1.15. The stock has a 50-day simple moving average of $63.73 and a 200-day simple moving average of $62.64. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). The company had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. Boston Properties’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. On average, analysts anticipate that Boston Properties will post 7.12 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is currently 323.97%.

Analyst Ratings Changes

BXP has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Truist Financial reduced their price target on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. Barclays reduced their price target on shares of Boston Properties from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, March 27th. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Piper Sandler boosted their price target on shares of Boston Properties from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.44.

Insiders Place Their Bets

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total value of $889,186.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its holdings in Boston Properties by 17.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,714 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 396 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Boston Properties during the 1st quarter worth approximately $214,000. Private Advisor Group LLC acquired a new position in Boston Properties during the 1st quarter worth approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Boston Properties by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock worth $2,450,000 after acquiring an additional 1,178 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in Boston Properties by 38.8% during the 1st quarter. APG Asset Management N.V. now owns 11,448 shares of the real estate investment trust’s stock worth $1,325,000 after acquiring an additional 3,200 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.