The price of Boston Properties, Inc. (NYSE: BXP) closed at $61.07 in the last session, down -2.89% from day before closing price of $62.89. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1761793 shares were traded.
Ratios:
We take a closer look at BXP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.71. In the meantime, Its Debt-to-Equity ratio is 2.82 whereas as Long-Term Debt/Eq ratio is at 2.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on January 30, 2024, initiated with a Hold rating and assigned the stock a target price of $74.
On January 02, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $57 to $80.
On October 03, 2023, Wedbush started tracking the stock assigning a Neutral rating and target price of $62.Wedbush initiated its Neutral rating on October 03, 2023, with a $62 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when RITCHEY RAYMOND A sold 14,150 shares for $62.84 per share. The transaction valued at 889,149 led to the insider holds 0 shares of the business.
Kevorkian Eric G sold 1,000 shares of BXP for $66,430 on Sep 11 ’23. The SVP, CLO and Secretary now owns 994 shares after completing the transaction at $66.43 per share. On Sep 05 ’23, another insider, RITCHEY RAYMOND A, who serves as the Senior EVP of the company, sold 65,000 shares for $67.11 each. As a result, the insider received 4,362,085 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BXP now has a Market Capitalization of 9.59B and an Enterprise Value of 24.68B. As of this moment, Boston’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.51, and their Forward P/E ratio for the next fiscal year is 34.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 7.54 whereas that against EBITDA is 14.49.
Stock Price History:
Over the past 52 weeks, BXP has reached a high of $73.97, while it has fallen to a 52-week low of $46.80. The 50-Day Moving Average of the stock is 65.47, while the 200-Day Moving Average is calculated to be 62.43.
Shares Statistics:
According to the various share statistics, BXP traded on average about 1.46M shares per day over the past 3-months and 1.41M shares per day over the past 10 days. A total of 157.01M shares are outstanding, with a floating share count of 156.64M. Insiders hold about 0.24% of the company’s shares, while institutions hold 100.91% stake in the company. Shares short for BXP as of Feb 29, 2024 were 7.6M with a Short Ratio of 5.22, compared to 6.54M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.84% and a Short% of Float of 6.61%.
Dividends & Splits
The forward annual dividend rate for BXP is 3.92, which was 3.92 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 6.23%, it implies a Forward Annual Dividend Yield of 6.42%. The stock’s 5-year Average Dividend Yield is 4.40.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.67 and a low estimate of $0.43, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.54, with high estimates of $0.64 and low estimates of $0.47.
Analysts are recommending an EPS of between $2.56 and $1.85 for the fiscal current year, implying an average EPS of $2.19. EPS for the following year is $2.04, with 8 analysts recommending between $2.46 and $1.41.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $808.62M. It ranges from a high estimate of $824.78M to a low estimate of $783.62M. As of the current estimate, Boston Properties, Inc.’s year-ago sales were $773.9M, an estimated increase of 4.50% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for BXP’s current fiscal year. The highest revenue estimate was $3.37B, while the lowest revenue estimate was $3.14B, resulting in an average revenue estimate of $3.27B. In the same quarter a year ago, actual revenue was $3.26B, up 0.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $3.35B in the next fiscal year. The high estimate is $3.5B and the low estimate is $3.13B. The average revenue growth estimate for next year is up 2.30% from the average revenue estimate for this year.
