Boston Properties Inc. (NYSE:BXP) finished Wednesday with a subtraction of -$1.55 to close at $67.07, a downside of -2.26 percent. An average of 1,523,960 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,738,570 shares traded, while the 50-day average volume stands at 1,812,646.
BXP stock has increased by 10.04% in the last month. The company shares reached their 1-month lowest point of $57.95 on 07/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $46.18 and a high of $90.81 in 52 weeks. It has reached a new high 10 times so far this year and lost -0.75% or -$0.51 in price. In spite of this, the price is down -26.14% from the 52-week high.
Insider Transactions
BXP stock investors should be aware that Boston Properties Inc. (BXP) stock had its last reported insider trading activity 64 days ago on Jun 07. In this transaction, the insider spent $571,269. Senior EVP, RITCHEY RAYMOND A, disposed of 22,472 shares at a price of $89.96 on Aug 12. The insider now owns more than $2,021,673 worth of shares.
Valuation Metrics
Boston Properties Inc. (BXP) has a trailing price-to-earnings (P/E) ratio of 15.86. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.22, the price-to-book (PB) ratio at 1.73.
The company has a payout ratio of 72.50%. 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.
Financial Health
Further, the company has a long term debt to equity ratio of 2.47 and a total debt to equity ratio of 2.47 for the quarter ending June 29. Its gross profit as reported stood at $1.06 billion compared to revenue of $3.11 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 3.50%.
Earnings Surprise
For the three-month period that ended June 29, Boston Properties Inc. had $33.48 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 $104.3 million in the quarter, while revenues of $77.89 million were shrunk -113.8%. The analyst consensus anticipated Boston Properties Inc.’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.66, a 11.90% surprise. For the quarter, EBITDA amounted to $469.14 million. At the end of the quarter ending June 29, Boston Properties Inc.’s stock balance sheet showed total debt was $15.91 billion. Shareholders own equity worth $156.87 million.
Technical Picture
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 09 August was 57.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.37%.
As of today, BXP’s price is $68.21 +0.04% or $0.03 from its 5-day moving average. BXP is currently trading +9.91% higher than its 20-day SMA and +25.34% higher than its 100-day SMA. However, the stock’s current price level is +40.49% above the SMA50 and -7.23% below the SMA200.
The stochastic %K and %D were 80.36% and 88.80%, respectively, and the average true range (ATR) was 2.10. With the 14-day stochastic at 61.52% and the average true range at 2.07, the RSI (14) stands at 60.89%. The stock has reached 1.21 on the 9-day MACD Oscillator while the 14-day reading was at 2.28.
Analyst Ratings
Barclays downgraded Boston Properties Inc. (NYSE: BXP) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. 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 1 analysts, while 6 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 $52.00 and $85.00, with a median target of $62.00. Taking a look at these predictions, the average price target given by analysts for Boston Properties Inc. (BXP) stock is $65.33.
