The stock of Boston Properties Inc. (NYSE:BXP) increased by $1.52 on Tuesday to at $66.90, up 2.32 percent. The last five days have seen an average of 1,000,648 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.83. The average number of shares traded over the last 20 days was 1,260,062, while the average volume over the last 50 days totaled 1,612,747.
BXP stock appreciated 0.40% since last month. On 08/18/23, the company’s shares reached a one-month low of $61.87. The stock touched a high of $87.61 on 02/02/23, after rallying from a low of $46.18 in 52 weeks. The price of BXP stock has declined by -1.01% or -$0.83 this year, reaching a new high 10 times. Still, the stock price is down -23.64% 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 83 days ago on Jun 07. On Jun 07, Executive Vice President Otteni Peter V sold 10,463 shares at $54.60 each. This transaction resulted in the insider making $571,269. On May 26, Einiger Carol B. added 10,000 shares at a price of US$47.41. After the transaction, the insider now owns 10,000 shares. Director LUSTIG MATTHEW J had earlier bought 10,000 shares on Mar 15 for $52.92 a share. The transaction was completed for $529,200.
Valuation Metrics
Boston Properties Inc. (BXP) has a trailing price-to-earnings (P/E) ratio of 15.82. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.32, the price-to-book (PB) ratio of 1.74.
Company paid $0.98 per share in dividends, remained unchanged from $0.98 last year. A $0.03 dividend increase was reported on Tuesday December 17 2019.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 2.60, and the total debt to equity ratio is 2.60. As far as profitability goes, gross margin for the trailing twelve months is 62.70% percent. Boston Properties Inc.’s operating margin stood at 32.30% for the same period. Based on annual data, it had gross profit of $1.06 billion and revenue of $3.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BXP’s return on assets (ROA) during the last 12 months has been 2.70%. There was a 5.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.90%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $817.15 million, while revenues rose by 5.29% to $803.2 million. EBITDA was $469.14 million for the quarter. At the end of Boston Properties Inc.’s most recent quarter, its total debt was $15.91 billion. Equity owned by shareholders amounts to $156.87 million.
Technical Picture
Here’s a quick look at Boston Properties Inc.’s (BXP) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 61.44%, suggesting the stock is Neutral, with a 23.99% historical volatility rate.
The stochastic %K and %D were 51.29% and 41.42% respectively, while the average true range (ATR) was 1.82. Based on the 14-day stochastic reading of 71.38%, the RSI (14) reading is 58.89%. On the 9-day MACD Oscillator, the stock is at 1.24, and the 14-day reading is at 0.55.
Analyst Ratings
Boston Properties Inc. (NYSE: BXP) was downgraded by Argus to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Boston Properties Inc. (BXP) an Overweight rating. BXP is a stock that is recommended for selling by 1 brokerage firm, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is BXP’s price target for the next 12 months?
The current consensus forecast for the stock is between $52.00 and $85.00, with a median target price of $68.00. In analyzing these forecasts, the average price target given by analysts for Boston Properties Inc. (BXP) is $68.47.
