Boston Properties Inc. (NYSE:BXP) finished Wednesday with a subtraction of -$2.56 to close at $66.34, a downside of -3.72 percent. An average of 1,263,960 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,998,950 shares traded, while the 50-day average volume stands at 1,784,768.
BXP stock has decreased by -4.67% in the last month. The company shares reached their 1-month lowest point of $64.43 on 12/07/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $64.43 and a high of $133.11 in 52 weeks. It has reached a new high 7 times so far this year and lost -42.40% or -$48.84 in price. In spite of this, the price is down -50.16% from the 52-week high.
BXP stock investors should be aware that Boston Properties Inc. (BXP) stock had its last reported insider trading activity 139 days ago on Aug 12. In this transaction, the insider spent $2,021,673. Senior EVP, RITCHEY RAYMOND A, disposed of 21,102 shares at a price of $120.52 on Feb 23. The insider now owns more than $2,543,120 worth of shares.
Boston Properties Inc. (BXP) has a trailing price-to-earnings (P/E) ratio of 11.43. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.40, the price-to-book (PB) ratio at 1.69, and the price-to-cash flow ratio at 29.69.
The company has a payout ratio of 70.70%. The company’s most recent quarterly dividend payment was $0.98 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday December 17 2019.
Further, the company has a long term debt to equity ratio of 2.29 and a total debt to equity ratio of 2.29 for the quarter ending September 29. Its gross profit as reported stood at $968.04 million compared to revenue of $2.89 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Boston Properties Inc.’s return on assets was 3.80%.
For the three-month period that ended September 29, Boston Properties Inc. had $30.04 million in cash and short-term investments compared to $3.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $360.98 million in the quarter, while revenues of $222.99 million were grew 70.0%. The analyst consensus anticipated Boston Properties Inc.’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $2.29, a 205.30% surprise. For the quarter, EBITDA amounted to $462.64 million. At the end of the quarter ending September 29, Boston Properties Inc.’s stock balance sheet showed total debt was $14.29 billion. Shareholders own equity worth $156.75 million.
From a technical analysis perspective, let’s take a brief look at Boston Properties Inc. (BXP) price momentum. RSI 9-day as of the close on 28 December was 38.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.39%.
As of today, BXP’s price is $67.88 -0.93% or -$0.62 from its 5-day moving average. BXP is currently trading -6.15% lower than its 20-day SMA and -23.39% lower than its 100-day SMA. However, the stock’s current price level is -11.31% below the SMA50 and -45.98% below the SMA200.
The stochastic %K and %D were 55.84% and 63.95%, respectively, and the average true range (ATR) was 1.95. With the 14-day stochastic at 25.03% and the average true range at 2.01, the RSI (14) stands at 40.77%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
Credit Suisse downgraded Boston Properties Inc. (NYSE: BXP) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Boston Properties Inc. (BXP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BXP, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.
What is BXP’s price target for the next 12 months?
Analysts predict a range of price targets between $65.00 and $101.00, with a median target of $79.50. Taking a look at these predictions, the average price target given by analysts for Boston Properties Inc. (BXP) stock is $81.00.