As of Thursday close, Boston Properties Inc.’s (NYSE:BXP) stock was down -$4.68, moving down -7.14 percent to $60.88. The average number of shares traded per day over the past five days has been 1,397,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$5.36 fall in that time frame. In the last twenty days, the average volume was 1,319,185, while in the previous 50 days, it was 1,452,754.
Since last month, BXP stock retreated -2.64%. Shares of the company fell to $60.82 on 09/21/23, the lowest level in the past month. A 52-week high of $80.68 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 -9.91% or -$6.70, and marked a new high 10 times. However, the stock has declined by -24.54% since its 52-week high.
BXP stock investors should be aware that Boston Properties Inc. (BXP) stock had its last reported insider trading activity 11 days ago on Sep 11. Kevorkian Eric G, the SVP, CLO and Secretary of the company, disposed of 1,000 shares for $66.43 on Sep 11. It resulted in a $66,430 divestment by the insider. RITCHEY RAYMOND A sold 65,000 shares at an average price of $67.11 on Sep 05. The insider now owns 0 shares following the transaction. On Jun 07, Executive Vice President Otteni Peter V sold 10,463 shares at $54.60 apiece. The transaction was valued at $571,269.
Valuation Metrics
Right now, Boston Properties Inc. (BXP) has a P/E ratio of about 14.40. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 2.98, the price-to-book (PB) ratio of 1.58.
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. 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 44.68%, the RSI 9-day stood at 26.71% on 21 September.
With respect to its five-day moving average, the current Boston Properties Inc. price is down by -8.09% percent or -$5.36. At present, BXP shares trade -5.76% below its 20-day simple moving average and +14.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.23% below its SMA50 and -13.90% below its SMA200.
Stochastic coefficient K was 35.75% and Stochastic coefficient D was 48.07%, while ATR was 1.99. Given the Stochastic reading of 0.87% for the 14-day period, the RSI (14) reading has been calculated as 34.53%. As of today, the MACD Oscillator reading stands at -1.09, while the 14-day reading stands at -1.57.
Analyst Ratings
KeyBanc Capital Markets launched its rating on Boston Properties Inc. (NYSE: BXP) to a Sector weight in a note to investors on September 12, 2023. Boston Properties Inc. (BXP) has been rated Hold by analysts. According to 1 brokerage firm, BXP is a sell, and 11 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 5 recommending it as overweight.
With a median target price of $67.00, the current consensus forecast for the stock is $52.00 – $80.00. Based on these forecasts, analysts predict Boston Properties Inc. (BXP) will achieve an average price target of $68.14.
