Perhaps timely catching Boston Properties Inc. (BXP) would be a good idea

Boston Properties Inc. (NYSE: BXP) stock fell -2.59% on Friday to $77.47 against a previous-day closing price of $79.53. With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.27 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $80.68 whereas the lowest price it dropped to was $77.44. The 52-week range on BXP shows that it touched its highest point at $133.11 and its lowest point at $78.02 during that stretch. It currently has a 1-year price target of $103.53. With its current market cap of 12.05 billion, BXP has annualized dividend of $3.92 while the current yield stands at 5.06%. Beta for the stock currently stands at 1.14.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BXP was down-trending over the past week, with a drop of -7.47%, but this was down by -7.25% over a month. Three-month performance dropped to -13.05% while six-month performance fell -38.23%. The stock lost -28.80% in the past year, while it has lost -32.74% so far this year. A look at the trailing 12-month EPS for BXP yields 4.20 with Next year EPS estimates of 3.37. For the next quarter, that number is 0.76. This implies an EPS growth rate of -42.80% for this year and -11.60% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.60%.

Float and Shares Shorts:

At present, 156.72 million BXP shares are outstanding with a float of 156.44 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.04 million, which was 3.21% higher than short shares on Jun 14, 2022. In addition to Mr. Owen David Thomas as the firm’s CEO & Chairman, Mr. Douglas T. Linde serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 92.85% of BXP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.66% of BXP, in contrast to 40.16% held by mutual funds. Shares owned by individuals account for 1.40%. As the largest shareholder in BXP with 14.49% of the stake, The Vanguard Group, Inc. holds 22,709,066 shares worth 22,709,066. A second-largest stockholder of BXP, Norges Bank Investment Management, holds 13,037,554 shares, controlling over 8.32% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BXP, holding 11,023,762 shares or 7.03% stake. With a 8.30% stake in BXP, the Government Pension Fund – Global is the largest stakeholder. A total of 13,001,632 shares are owned by the mutual fund manager. The Stichting Pensioenfonds ABP, which owns about 4.62% of BXP stock, is the second-largest Mutual Fund holder. It holds 7,246,959 shares valued at 575.63 million. Vanguard Real Estate Index Fund holds 4.36% of the stake in BXP, owning 6,827,275 shares worth 542.29 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BXP since 23 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BXP analysts setting a high price target of $147.00 and a low target of $78.00, the average target price over the next 12 months is $105.70. Based on these targets, BXP could surge 89.75% to reach the target high and rise by 0.68% to reach the target low. Reaching the average price target will result in a growth of 36.44% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BXP will report FY 2022 earnings on 01/24/2023. Analysts have provided yearly estimates in a range of $3.91 being high and $2.90 being low. For BXP, this leads to a yearly average estimate of $3.43. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Boston Properties Inc. surprised analysts by $0.67 when it reported $1.42 EPS against a consensus estimate of $0.75. The surprise factor in the prior quarter was $0.25. Based on analyst estimates, the high estimate for the next quarter is $0.78 and the low estimate is $0.56. The average estimate for the next quarter is thus $0.72.

Summary of Insider Activity:

Insiders traded BXP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 56,251 while 45,259 shares were sold.

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