Understanding the Risks of Investing in Boston Properties Inc. (BXP)


Boston Properties Inc.’s recently made public that its Executive Vice President Otteni Peter V unloaded Company’s shares for reported $0.57 million on Jun 07. In the deal valued at $54.60 per share,10,463 shares were sold. As a result of this transaction, Otteni Peter V now holds 0 shares worth roughly $ 0.0.

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Then, Einiger Carol B. bought 10,000 shares, generating $474,100 in total proceeds. Upon buying the shares at $47.41, the Director now owns 10,000 shares.

Before that, LUSTIG MATTHEW J bought 10,000 shares. Boston Properties Inc. shares valued at $529,200 were divested by the Director at a price of $52.92 per share. As a result of the transaction, LUSTIG MATTHEW J now holds 10,000 shares, worth roughly $0.67 million.

Argus downgraded its Boston Properties Inc. [BXP] rating to a Hold from a a Buy in a research note published on Friday.

Price Performance Review of BXP

On Friday, Boston Properties Inc. [NYSE:BXP] saw its stock fall -0.13% to $66.68. On the same session, the stock had its day’s lowest price of $66.51, but rose to a high of $67.75. Over the last five days, the stock has gained 4.17%. Boston Properties Inc. shares have fallen nearly -1.33% since the year began. Nevertheless, the stocks have fallen -16.05% over the past one year. While a 52-week high of $87.61 was reached on 02/02/23, a 52-week low of $46.18 was recorded on 03/24/23. SMA at 50 days reached $63.23, while 200 days put it at $61.50. A total of 1.69 million shares were traded, compared to the trading of 2.25 million shares in the previous session.

Levels Of Support And Resistance For BXP Stock

The 24-hour chart illustrates a support level at 66.21, which if violated will result in even more drops to 65.74. On the upside, there is a resistance level at 67.45. A further resistance level may holdings at 68.22. The Relative Strength Index (RSI) on the 14-day chart is 57.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.20%. Stochastics %K at 83.06% indicates the stock is a selling.

How much short interest is there in Boston Properties Inc.?

A steep rise in short interest was recorded in Boston Properties Inc. stocks on Aug 14, 2023, dropping by -0.66 million shares to a total of 9.08 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.74 million shares. There was a decline of -7.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.37.

Boston Properties Inc. [BXP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 22,637,778 shares, or roughly 14.43% of the outstanding BXP shares. In other words, the investor’s shares have fallen by -297,294 from its previous 13-F filing of 22935072.0. Additionally, Norges Bank Investment Management increased 5.36% of its stake after which the total value it holdings stand at $845,905,829, while SSgA Funds Management, Inc. added 1.30% of its stake to hold $783.92 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 60,830 shares of Boston Properties Inc., while APG Asset Management US, Inc. bought 164,726 shares. At present, Capital Research & Management Co is holding 6,557,408 shares valued at $436.92 million. JPMorgan Investment Management, I owned 6,471,891 shares of the company at the time of its most recent 13F filing, worth $431.22 million.

According to FactSet, Boston Properties Inc.’s share price will average $68.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.84 percent from its previous closing price of $66.77. Analysts expect Boston Properties Inc. stock to reach the higher price of $85.00, while the lowest price estimate is $52.00. However, 20 analysts have rated BXP stock as an Overweight in their predictions for 2023.


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