Boston Properties Inc. (NYSE:BXP) finished Wednesday with an addition of $1.15 to close at $58.87, an upside of 1.99 percent. An average of 1,718,320 shares of common stock have been traded in the last five days. There was a fall of -$6.69 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 1,414,705 shares traded, while the 50-day average volume stands at 1,487,474.
BXP stock has decreased by -9.96% in the last month. The company shares reached their 1-month lowest point of $57.35 on 09/26/23. 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 $79.42 in 52 weeks. It has reached a new high 10 times so far this year and lost -12.89% or -$8.71 in price. In spite of this, the price is down -25.88% 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 17 days ago on Sep 11. In this transaction, the insider spent $66,430. Senior EVP, RITCHEY RAYMOND A, disposed of 65,000 shares at a price of $67.11 on Sep 05. The insider now owns more than $4,362,085 worth of shares. Prior to that, Executive Vice President Otteni Peter V went on to Sale 10,463 shares at $54.60 each on Jun 07. An amount of $571,269 was transacted.
Valuation Metrics
Boston Properties Inc. (BXP) has a trailing price-to-earnings (P/E) ratio of 13.92. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.89, the price-to-book (PB) ratio at 1.37, and the price-to-cash flow ratio at 11.12.
The company has a payout ratio of 72.63%. 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 2.55 and a total debt to equity ratio of 2.63 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 2.73%.
Earnings Surprise
For the three-month period that ended June 29, Boston Properties Inc. had $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 27 September was 28.07%, suggesting the stock is oversold, with historical volatility in this time frame at 38.94%.
As of today, BXP’s price is $59.48 -10.20% or -$6.69 from its 5-day moving average. BXP is currently trading -12.29% lower than its 20-day SMA and +16.21% higher than its 100-day SMA. However, the stock’s current price level is -5.32% below the SMA50 and -11.17% below the SMA200.
The stochastic %K and %D were 9.61% and 7.91%, respectively, and the average true range (ATR) was 1.93. With the 14-day stochastic at 15.35% and the average true range at 1.88, the RSI (14) stands at 33.05%. The stock has reached -3.50 on the 9-day MACD Oscillator while the 14-day reading was at -4.75.
Analyst Ratings
Compass Point launched coverage on Boston Properties Inc. (NYSE: BXP) in its analyst report released on September 26, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Boston Properties Inc. (BXP) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BXP, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 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 $80.00, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for Boston Properties Inc. (BXP) stock is $67.93.
