Boston Properties, Inc. (NYSE:BXP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Boston Properties, Inc. (NYSE:BXP) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $82.00.

BXP has been the subject of several recent research reports. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a report on Thursday, November 7th. Wedbush raised shares of Boston Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Finally, StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Hedge Funds Weigh In On Boston Properties

Several hedge funds have recently added to or reduced their stakes in BXP. Sound Income Strategies LLC grew its position in shares of Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 590 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Boston Properties by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 156 shares during the last quarter. Brooklyn Investment Group grew its position in Boston Properties by 19.8% in the 4th quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 142 shares during the last quarter. Toronto Dominion Bank grew its position in Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after buying an additional 6,687 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Boston Properties by 5,025.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Stock Performance

BXP opened at $72.82 on Thursday. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $11.51 billion, a PE ratio of 31.52, a P/E/G ratio of 0.50 and a beta of 1.18. The firm has a 50 day moving average of $76.86 and a two-hundred day moving average of $76.36.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $829.91 million. During the same period in the prior year, the business posted $1.86 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.38%. 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.