As of Friday close, Boston Properties Inc.’s (NYSE:BXP) stock was up $0.24, moving up 0.38 percent to $63.30. The average number of shares traded per day over the past five days has been 1,268,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.82 fall in that time frame. In the last twenty days, the average volume was 1,641,025, while in the previous 50 days, it was 1,716,672.
Since last month, BXP stock retreated -0.14%. Shares of the company fell to $61.87 on 08/18/23, the lowest level in the past month. A 52-week high of $88.75 was reached on 02/02/23 after having rallying from a 52-week low of $46.18. Since the beginning of this year, BXP’s stock price has dropped by -6.33% or -$4.28, and marked a new high 10 times. However, the stock has declined by -28.68% since its 52-week high.
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BXP stock investors should be aware that Boston Properties Inc. (BXP) stock had its last reported insider trading activity 73 days ago on Jun 07. Otteni Peter V, the Executive Vice President of the company, disposed of 10,463 shares for $54.60 on Jun 07. It resulted in a $571,269 divestment by the insider. Einiger Carol B. added 10,000 shares at an average price of $47.41 on May 26. The insider now owns 10,000 shares following the transaction. On Mar 15, Director LUSTIG MATTHEW J bought 10,000 shares at $52.92 apiece. The transaction was valued at $529,200.
Valuation Metrics
Right now, Boston Properties Inc. (BXP) has a P/E ratio of about 14.97. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 3.06, the price-to-book (PB) ratio of 1.64.
The latest dividend of $0.98 per share was paid out, remained unchanged from last year’s $0.98. On Tuesday December 17 2019, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.60, and the total debt-to-equity ratio was 2.60. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended June 29, operating margins totaled 32.30%. Based on annual data, BXP earned $1.06 billion in gross profit and brought in $3.11 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.10%. Return on equity (ROE) for the past 12 months was 10.90%.
In Boston Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $3.27 billion against cash and short-term investments of $33.48 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BXP’s revenue rose 5.29% to $803.2 million during the quarter, while net income inched up to $817.15 million. While analysts expected Boston Properties Inc. to report $0.59 quarterly earnings, the actual figure was $0.66 per share, beating the consensus estimate by 11.90%. During the quarter, the company generated $469.14 million in EBITDA. The value of shareholders’ equity is $156.87 million.
Technical Picture
This quick technical analysis looks at Boston Properties Inc.’s (BXP) price momentum. With a historical volatility rate of 20.32%, the RSI 9-day stood at 38.65% on 18 August.
With respect to its five-day moving average, the current Boston Properties Inc. price is down by -7.08% percent or -$4.82. At present, BXP shares trade -0.14% below its 20-day simple moving average and +25.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.19% above its SMA50 and -12.93% below its SMA200.
Stochastic coefficient K was 12.36% and Stochastic coefficient D was 19.83%, while ATR was 1.84. Given the Stochastic reading of 17.70% for the 14-day period, the RSI (14) reading has been calculated as 46.58%. As of today, the MACD Oscillator reading stands at -2.42, while the 14-day reading stands at -2.99.
Analyst Ratings
Boston Properties Inc. downgraded its rating on Boston Properties Inc. (NYSE: BXP) to a Hold in a note to investors on August 14, 2023. The analysts firm previously had a Buy rating on the stock.Boston Properties Inc. (BXP) has been rated Overweight by analysts. According to 1 brokerage firm, BXP is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Boston Properties Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $68.00, the current consensus forecast for the stock is $52.00 – $85.00. Based on these forecasts, analysts predict Boston Properties Inc. (BXP) will achieve an average price target of $67.40.
