Boston Properties (NYSE:BXP) Price Target Cut to $84.00 by Analysts at Jefferies Financial Group

Boston Properties (NYSE:BXP) had its price objective lowered by Jefferies Financial Group from $93.00 to $84.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. Wedbush cut shares of Boston Properties from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $81.00 to $70.00 in a report on Thursday. Evercore ISI lifted their price target on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Truist Financial increased their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.69.

Boston Properties Stock Down 0.9 %

Shares of Boston Properties stock opened at $73.70 on Thursday. The business has a fifty day simple moving average of $79.69 and a 200 day simple moving average of $75.24. The stock has a market cap of $11.65 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a 12 month low of $56.46 and a 12 month high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. Research analysts predict that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.32%. Boston Properties’s dividend payout ratio is 169.70%.

Institutional Trading of Boston Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its position in Boston Properties by 0.7% in the second 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 in the last quarter. Mystic Asset Management Inc. lifted its stake in shares of 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 valued at $341,000 after acquiring an additional 165 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings 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 valued at $3,917,000 after acquiring an additional 175 shares in the last quarter. Sustainable Insight Capital Management LLC grew its position in 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 worth $265,000 after acquiring an additional 300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 386 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

About Boston Properties

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.