Boston Properties (NYSE:BXP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Boston Properties, Inc. (NYSE:BXP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $74.74 and traded as high as $76.88. Boston Properties shares last traded at $76.23, with a volume of 677,552 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BXP. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Barclays upped their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Finally, Truist Financial upped their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $81.38.

Boston Properties Trading Down 2.1 %

The business has a fifty day moving average price of $80.73 and a 200 day moving average price of $74.85. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a market cap of $11.80 billion, a PE ratio of 32.30, a P/E/G ratio of 0.55 and a beta of 1.17.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. During the same quarter last year, the firm earned $1.86 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Boston Properties, Inc. will post 7.1 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.25%. Boston Properties’s payout ratio is currently 169.70%.

Hedge Funds Weigh In On Boston Properties

A number of large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. grew its position in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 386 shares during the period. UMB Bank n.a. increased its stake in Boston Properties by 115.5% in the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 380 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 603 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Boston Properties during the third quarter worth $58,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.