Boston Properties Inc. [BXP] Stock trading around $53.51 per share: What’s Next?

Boston Properties Inc. [NYSE: BXP] plunged by -$1.42 during the normal trading session on Thursday and reaching a high of $55.19 during the day while it closed the day at $53.51. The company report on March 2, 2023 that BXP Announces Executive Leadership Update.

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Senior Executive Vice President Ray Ritchey Transitions to Less Than Full Time Role.

BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that Senior Executive Vice President Raymond A. Ritchey has elected to transition to a less than full time role. Although Mr. Ritchey will be allocating time to personal, business, and philanthropic pursuits outside of BXP, he will remain an integral member of the executive management team at BXP, and he will continue to support BXP’s Washington, DC, Los Angeles, and Seattle regional businesses, as well as coordinate companywide leasing and cross regional client relationships.

Boston Properties Inc. stock has also loss -13.61% of its value over the past 7 days. However, BXP stock has declined by -21.36% in the 3 months of the year. Over the past six months meanwhile, it has lost -36.08% and lost -20.82% year-on date.

The market cap for BXP stock reached $9.05 billion, with 156.78 million shares outstanding and 156.46 million shares in the current float. Compared to the average trading volume of 1.44M shares, BXP reached a trading volume of 3754903 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Boston Properties Inc. [BXP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BXP shares is $78.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BXP stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Boston Properties Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 04, 2023. The new note on the price target was released on October 20, 2022, representing the official price target for Boston Properties Inc. stock. On September 22, 2022, analysts decreased their price target for BXP shares from 102 to 94.

The Average True Range (ATR) for Boston Properties Inc. is set at 2.44, with the Price to Sales ratio for BXP stock in the period of the last 12 months amounting to 2.91. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 4.08. Price to Free Cash Flow for BXP in the course of the last twelve months was 21.52.

BXP stock trade performance evaluation

Boston Properties Inc. [BXP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.61. With this latest performance, BXP shares dropped by -26.03% in over the last four-week period, additionally sinking by -36.08% over the last 6 months – not to mention a drop of -56.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BXP stock in for the last two-week period is set at 23.27, with the RSI for the last a single of trading hit 19.56, and the three-weeks RSI is set at 27.48 for Boston Properties Inc. [BXP]. The present Moving Average for the last 50 days of trading for this stock 68.28, while it was recorded at 55.03 for the last single week of trading, and 77.54 for the last 200 days.

Boston Properties Inc. [BXP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Boston Properties Inc. [BXP] shares currently have an operating margin of +34.03 and a Gross Margin at +38.88. Boston Properties Inc.’s Net Margin is presently recorded at +27.27.

Return on Equity for this stock inclined to 14.15, with Return on Assets sitting at 3.64.

Earnings per share (EPS) analysis for Boston Properties Inc. [BXP] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BXP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Boston Properties Inc. go to 7.00%.

Boston Properties Inc. [BXP]: Insider Ownership positions

There are presently around $8,126 million, or 99.80% of BXP stock, in the hands of institutional investors. The top three institutional holders of BXP stocks are: VANGUARD GROUP INC with ownership of 23,591,706, which is approximately 0.274% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 18,147,179 shares of the stock with an approximate value of $971.06 million in BXP stocks shares; and NORGES BANK, currently with $679.34 million in BXP stock with ownership of nearly -2.623% of the company’s market capitalization.

Positions in Boston Properties Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 280 institutional holders increased their position in Boston Properties Inc. [NYSE:BXP] by around 19,070,304 shares. Additionally, 253 investors decreased positions by around 20,355,730 shares, while 61 investors held positions by with 112,433,726 shares. The mentioned changes placed institutional holdings at 151,859,760 shares, according to the latest SEC report filing. BXP stock had 70 new institutional investments in for a total of 6,112,332 shares, while 75 institutional investors sold positions of 8,458,063 shares during the same period.


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