Short Interest in Boston Properties, Inc. (NYSE:BXP) Grows By 7.9%

Boston Properties, Inc. (NYSE:BXP) was the target of a significant growth in short interest during the month of 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 presently 5.5 days.

Boston Properties Trading Down 0.1 %

BXP stock traded down $0.03 during mid-day trading on Wednesday, reaching $57.95. 1,413,402 shares of the stock traded hands, compared to its average volume of 1,454,385. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40. Boston Properties has a one year low of $46.80 and a one year high of $73.97. The stock has a market capitalization of $9.10 billion, a PE ratio of 47.89 and a beta of 1.15. The business has a 50-day moving average price of $63.73 and a two-hundred day moving average price of $62.64.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data 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). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The firm had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. During the same quarter last year, the firm earned $1.86 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that Boston Properties will post 7.12 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 payout ratio is presently 323.97%.

Insiders Place Their Bets

In other news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On Boston Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of 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 purchasing an additional 396 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Boston Properties during the 1st quarter valued at about $214,000. Private Advisor Group LLC purchased a new stake in shares of Boston Properties in the 1st quarter valued at approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Boston Properties by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,020 shares of the real estate investment trust’s stock valued at $2,450,000 after buying an additional 1,178 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of 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 purchasing an additional 3,200 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. BMO Capital Markets cut their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Boston Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $74.00 price target on the stock. Piper Sandler lifted 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. Finally, StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.44.

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.