Boston Properties, Inc. (NYSE: BXP) is -9.05% lower on its value in year-to-date trading and has touched a low of $46.18 and a high of $73.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BXP stock was last observed hovering at around $64.92 in the last trading session, with the day’s loss setting it -1.1%.
Currently trading at $63.82, the stock is -1.89% and -6.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -1.69% at the moment leaves the stock 4.60% off its SMA200. BXP registered -3.39% loss for a year compared to 6-month gain of -2.39%. The firm has a 50-day simple moving average (SMA 50) of $7.67 and a 200-day simple moving average (SMA200) of $14.75.
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The stock witnessed a -11.62% loss in the last 1 month and extending the period to 3 months gives it a 19.38%, and is -2.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 3.07% over the month.
Boston Properties, Inc. (BXP) has around 836 employees, a market worth around $10.02B and $3.27B in sales. Current P/E ratio is 52.78 and Fwd P/E is 36.16. Profit margin for the company is 5.81%. Distance from 52-week low is 38.20% and -13.72% from its 52-week high. The company has generated returns on investments over the last 12 months (0.93%).
Boston Properties, Inc. quarterly earnings per share for the current quarter are estimated at $0.48 with sales reaching $808.11M over the same period.The EPS is expected to grow by 90.08% this year, but quarterly earnings will post -0.00% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.
851 institutions hold shares in Boston Properties, Inc. (BXP), with institutional investors hold 101.72% of the company’s shares. The shares outstanding are 156.94M, and float is at 156.58M with Short Float at 4.84%. Institutions hold 101.52% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.38 million shares valued at $1.35 billion. The investor’s holdings represent 14.90% of the BXP Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.4 million shares valued at $1.06 billion to account for 11.73% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 12.7 million shares representing 8.09% and valued at over $857.97 million, while State Street Corporation holds 7.50% of the shares totaling 11.77 million with a market value of $677.57 million.
Boston Properties, Inc. (BXP) Insider Activity
A total of 9 insider transactions have happened at Boston Properties, Inc. (BXP) in the last six months, with sales accounting for 6 and purchases happening 3 times. The most recent transaction is an insider sale by Kevorkian Eric G, the company’s SVP, CLO and Secretary. SEC filings show that Kevorkian Eric G sold 1,000 shares of the company’s common stock on Sep 11 at a price of $66.43 per share for a total of $66430.0. Following the sale, the insider now owns 994.0 shares.
Boston Properties, Inc. disclosed in a document filed with the SEC on Sep 05 that RITCHEY RAYMOND A (Senior EVP) sold a total of 65,000 shares of the company’s common stock. The trade occurred on Sep 05 and was made at $67.11 per share for $4.36 million. Following the transaction, the insider now directly holds 0.0 shares of the BXP stock.
Still, SEC filings show that on Jun 07, Otteni Peter V (Executive Vice President) disposed off 10,463 shares at an average price of $54.60 for $0.57 million. The insider now directly holds 0 shares of Boston Properties, Inc. (BXP).
Boston Properties, Inc. (BXP): Who are the competitors?
One of the company’s main competitors (and peers) include W. P. Carey Inc. (WPC) that is trading -29.21% down over the past 12 months.Highwoods Properties Inc. (HIW) lies in the list of competitors of the Boston Properties, Inc. and is -11.57% lower over the same period from BXPKilroy Realty Corp. (KRC) is -0.22% down on the 1-year trading charts.
