Boston Properties (NYSE:BXP) Now Covered by Jefferies Financial Group

Investment analysts at Jefferies Financial Group assumed coverage on shares of Boston Properties (NYSE:BXP) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $78.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.99% from the company’s previous close.

A number of other analysts have also issued reports on BXP. Piper Sandler dropped their price objective on Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Scotiabank lowered their price target on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Truist Financial boosted their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Finally, Barclays decreased their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.85.

Boston Properties Trading Up 2.5 %

Shares of BXP opened at $65.55 on Monday. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The business has a 50-day moving average of $70.43 and a 200 day moving average of $76.73. The firm has a market cap of $10.37 billion, a P/E ratio of 655.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 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%. As a group, research analysts forecast that Boston Properties will post 6.91 EPS for the current year.

Insider Transactions at Boston Properties

In other Boston Properties news, 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 transaction of $891,535.58. Following the completion of the transaction, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Trading of Boston Properties

A number of large investors have recently made changes to their positions in BXP. Cbre Investment Management Listed Real Assets LLC increased its stake in Boston Properties by 12.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after buying an additional 18,900 shares during the period. Toronto Dominion Bank grew its stake in Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after acquiring an additional 6,687 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after acquiring an additional 99,248 shares during the period. Van ECK Associates Corp raised its stake in shares of Boston Properties by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock valued at $5,238,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after acquiring an additional 156 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

About Boston Properties

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.