Boston Properties, Inc. (NYSE:BXP) Given Average Recommendation of “Hold” by Brokerages

Shares of Boston Properties, Inc. (NYSE:BXP) have been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $80.92.

Several equities analysts have weighed in on the company. UBS Group raised their price target on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Evercore ISI boosted their target price on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price objective on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boston Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Boston Properties by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock valued at $1,261,000 after buying an additional 150 shares during the last quarter. Mystic Asset Management Inc. boosted its position in Boston Properties by 3.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 165 shares in the last quarter. Signaturefd LLC grew its stake in shares of Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 168 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Boston Properties by 0.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after purchasing an additional 175 shares during the period. Finally, Sustainable Insight Capital Management LLC increased its holdings in shares of Boston Properties by 7.5% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Down 0.9 %

BXP opened at $80.15 on Wednesday. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The firm’s fifty day moving average is $82.38 and its 200 day moving average is $72.75. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The business had revenue of $859.23 million during the quarter, compared to analysts’ expectations of $829.91 million. During the same period in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 4.89%. The ex-dividend date was Monday, September 30th. Boston Properties’s dividend payout ratio is currently 169.70%.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.