The stock of Boston Properties, Inc. (NYSE: BXP) has decreased by -2.06 when compared to last closing price of 62.71. Despite this, the company has experienced a -2.74% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-03 that Dividends are a great way to fund a retirement. Equity REITs and BDCs are popular choices for retirees seeking dividend income due to their attractive yields and stable cash flows. We compare REITs and BDCs, and share which we think is the better choice for retiring with dividends in April 2024.
Is It Worth Investing in Boston Properties, Inc. (NYSE: BXP) Right Now?
The price-to-earnings ratio for Boston Properties, Inc. (NYSE: BXP) is above average at 50.80x. The 36-month beta value for BXP is also noteworthy at 1.17. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 0 rating it as “sell.”
The public float for BXP is 156.64M, and at present, short sellers hold a 4.77% of that float. The average trading volume of BXP on April 05, 2024 was 1.49M shares.
BXP’s Market Performance
BXP stock saw a decrease of -2.74% in the past week, with a monthly decline of -4.92% and a quarterly a decrease of -11.45%. The volatility ratio for the week is 3.05%, and the volatility levels for the last 30 days are 3.08% for Boston Properties, Inc. (BXP). The simple moving average for the past 20 days is -3.07% for BXP’s stock, with a -1.96% simple moving average for the past 200 days.
Analysts’ Opinion of BXP
Many brokerage firms have already submitted their reports for BXP stocks, with Deutsche Bank repeating the rating for BXP by listing it as a “Hold.” The predicted price for BXP in the upcoming period, according to Deutsche Bank is $74 based on the research report published on January 30, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see BXP reach a price target of $80, previously predicting the price at $57. The rating they have provided for BXP stocks is “Buy” according to the report published on January 02nd, 2024.
Wedbush gave a rating of “Neutral” to BXP, setting the target price at $62 in the report published on October 03rd of the previous year.
BXP Trading at -5.49% from the 50-Day Moving Average
After a stumble in the market that brought BXP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.97% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares sank -2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.87% lower at present.
During the last 5 trading sessions, BXP fell by -2.74%, which changed the moving average for the period of 200-days by +11.59% in comparison to the 20-day moving average, which settled at $63.28. In addition, Boston Properties, Inc. saw -12.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BXP starting from RITCHEY RAYMOND A, who sale 14,150 shares at the price of $62.84 back on Mar 06 ’24. After this action, RITCHEY RAYMOND A now owns 0 shares of Boston Properties, Inc., valued at $889,149 using the latest closing price.
Kevorkian Eric G, the SVP, CLO and Secretary of Boston Properties, Inc., sale 1,000 shares at $66.43 during a trade that took place back on Sep 11 ’23, which means that Kevorkian Eric G is holding 994 shares at $66,430 based on the most recent closing price.
Stock Fundamentals for BXP
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.56 for the gross margin
The net margin for Boston Properties, Inc. stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 3.16, with 0.76 for asset returns.
Based on Boston Properties, Inc. (BXP), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.71. The interest coverage ratio of the stock is 1.42.
Currently, EBITDA for the company is 1.87 billion with net debt to EBITDA at 9.07. When we switch over and look at the enterprise to sales, we see a ratio of 7.53. The receivables turnover for the company is 14.45for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In summary, Boston Properties, Inc. (BXP) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
