According to Benzinga, equity researchers at Wells Fargo & Company dropped their price objective for Boston Properties (NYSE: BXP) in a research report published on Tuesday. The new price objective is $94.00, down from $105.00. At this moment, the brokerage firm considers the shares of the real estate investment trust to be “overweight,” and they have issued this rating to those shares.
According to the price objective that was created by Wells Fargo & Company, there is the potential for the price of the stock to climb by 16.87% from where it is currently sitting. In addition, the opinions of some other stock research analysts concerning BXP have been included in this discussion. In a research report released on July 6, Mizuho lowered its price goal for Boston Properties, and the new target price is found here. The previous price goal of $135.00 has been changed to a goal of $105.00, and the company has been given a “buy” rating. In a research note published on June 30, Truist Financial lowered their price target for Boston Properties from $130.00 to $105.00 and changed their rating for the company from “hold” to “sell.” This change came after Truist Financial had previously assigned Boston Properties a “hold” recommendation. In a research report published on Tuesday, July 19, Morgan Stanley lowered its price target for Boston Properties from $104 to $80.00 in a research report.
The firm also assigned an “equal weight” rating to the company. Deutsche Bank Aktiengesellschaft lowered its price objective on Boston Properties from $139.00 to $104.00 in a research report published on Wednesday, July 20. It was about Boston Properties that the study talked about. In a research report published on Thursday, July 28, UBS Group lowered its price objective for Boston Properties from $131.00 to $98.00. It also downgraded the company’s rating from “neutral” to “underweight.” The company has been assigned a rating of “Hold” by seven financial experts. Seven other investors have rated the firm as a “sell,” while the same number of investors have rated the company as a “buy.” According to the data from Bloomberg, the company is currently rated as having a “Hold” status, and the average price objective has been established at $104.69 per share.
At the market opening on Tuesday, a share of BXP was priced at $80.43 per share. The company has a price-to-earnings ratio of 19.15, its price-to-earnings-to-growth ratio is 1.89, and its beta value is 1.11. The market capitalization of the company is $12.61 billion. During its existence, the share price of Boston Properties has fluctuated between a high of $133.11 and a low of $80.03 during a single 52-week period. The moving average for the company over the previous 50 days comes in at $88.17, and the moving average for the last 200 days comes in at $107.15. The debt to equity ratio comes in at 1.71, the quick ratio comes in at 4.35, the current ratio comes in at 4.35, and the quick ratio comes in at 4.35. On July 26, the most recent quarterly report for Boston Properties, traded on the New York Stock Exchange under the ticker symbol BXP, was made available to the general public. The real estate investment trust (REIT) announced earnings of $1.42 per share for the quarter, which is $0.64 higher than the average projection of analysts, which was $0.78 per share.
The net margin for Boston Properties came in at 22.04%, and the equity return came in at 8.17%, respectively. The company posted earnings of $1.72 per share during the same period the year before. Profits of 7.52 cents per share are what the equity analysts who perform research expect will be generated by Boston Properties this year. According to other Boston Properties-related news reports, Executive Vice President Raymond A. Ritchey sold 22,472 shares of the firm’s stock on Friday, August 12. This information was made public by the company. The sale of the stock resulted in total revenue of $2,021,581.12, with the average price at which each share was purchased being $89.96. You will be sent to a legal file submitted to the SEC if you click on the link that we have provided for you, where you will find additional information regarding the sale. Together, the company’s management and employees possess 1.09% of the total number of shares issued by the company.
There has either been an increase in the proportion of the company owned by institutional investors or a decrease in the proportion. The value of Advisor Group Investment Inc.’s holdings in Boston Properties climbed by 2.9% during the final three months of 2018. Following purchasing an additional 297 shares during the most recent quarter, Advisor Group Holdings Inc. now has 10,650 shares of the real estate investment trust. The total value of Advisor Group Holdings Inc.’s holdings is currently $1,230,000. Mirae Asset Global Investments Co., Ltd. increased the proportion of its holdings comprised of Boston Properties by 28.4 percent in the final three months of 2018. After purchasing an additional 3,388 shares during the most recent fiscal quarter, Mirae Asset Global Investments Co. Ltd. now has 15,310 stocks issued by the real estate investment trust.
The current value of these shares, when traded on the market, is $1,763,000. Raymond James & Associates boosted the percentage of Boston Properties stock owned by 0.4% during the fourth quarter. With the purchase of 425 more shares, Raymond James & Associates raised its holdings in the real estate investment trust by 106,871 shares during the most recent quarter. The current value of their holdings, as determined by the market, is $12,309,000. The value of Boston Properties’ holdings in Bank of America Corporation DE increased by 5.9% during the final three months of 2018. The company currently owns a total of 941,865 shares of the real estate investment trust due to purchasing an additional 52,771 shares during the quarter. The total value of the company’s holdings in the real estate investment trust is $108,483,000. Last but not least, during the fourth quarter of 2018, Natixis Advisors L.P. added 12.5% more Boston properties to its portfolio, bringing the total number of properties it owns up to 100%. After making an additional purchase of 4,074 shares during the most recent quarter, Natixis Advisors L.P. now directly owns 36,662 shares of the real estate investment trust, which have a value of $4,223,000.
At the moment, financial institutions own 92.47% of the shares in the company. Boston Buildings, which trades on the New York Stock Exchange under the symbol “BXP,” is the most successful publicly traded builder and owner of Class A office buildings in the United States. The company has locations in Boston, Los Angeles, New York, San Francisco, and Washington, DC. The organization is structured as a real estate investment trust (REIT), which grants it the ability to create, manage, operate, buy, and control various real estate holdings. The vast majority of the organization’s holdings are comprised of Class A office buildings.
