Boston Properties, Inc. (NYSE: BXP) is -8.42% 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 $63.59 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $64.26, the stock is -0.67% and -3.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.05% at the moment leaves the stock 4.03% off its SMA200. BXP registered 15.08% gain for a year compared to 6-month loss of -2.56%. The firm has a 50-day simple moving average (SMA 50) of $7.69 and a 200-day simple moving average (SMA200) of $14.78.
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The stock witnessed a -1.80% gain in the last 1 month and extending the period to 3 months gives it a 0.28%, and is 1.81% up 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 2.08% over the week and 2.73% over the month.
Boston Properties, Inc. (BXP) has around 836 employees, a market worth around $10.09B and $3.27B in sales. Current P/E ratio is 53.15 and Fwd P/E is 36.58. Profit margin for the company is 5.81%. Distance from 52-week low is 39.15% and -13.13% 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 $0.5 with sales reaching $808.62M over the same period.The EPS is expected to grow by 93.93% this year, but quarterly earnings will post 0.60% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
854 institutions hold shares in Boston Properties, Inc. (BXP), with institutional investors hold 101.66% of the company’s shares. The shares outstanding are 157.01M, and float is at 156.64M with Short Float at 4.85%. Institutions hold 101.45% 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
The most recent transaction is an insider sale by RITCHEY RAYMOND A, the company’s Senior EVP. SEC filings show that RITCHEY RAYMOND A sold 14,150 shares of the company’s common stock on Mar 06 ’24 at a price of $62.84 per share for a total of $0.89 million. Following the sale, the insider now owns 0.0 shares.
Boston Properties, Inc. disclosed in a document filed with the SEC on Sep 11 ’23 that Kevorkian Eric G (SVP, CLO and Secretary) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 11 ’23 and was made at $66.43 per share for $66430.0. Following the transaction, the insider now directly holds 994.0 shares of the BXP stock.
Still, SEC filings show that on Sep 05 ’23, RITCHEY RAYMOND A (Senior EVP) disposed off 65,000 shares at an average price of $67.11 for $4.36 million. The insider now directly holds 0 shares of Boston Properties, Inc. (BXP).
