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

Shares of Boston Properties, Inc. (NYSE:BXP) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $82.23.

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays increased their price objective on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their target price on Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Truist Financial increased their price target on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Scotiabank restated a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a report on Thursday, November 7th.

Insider Buying and Selling at Boston Properties

In related news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the transaction, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. This represents a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Boston Properties by 60.5% during the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 2,138 shares in the last quarter. Raymond James & Associates lifted its position in shares of Boston Properties by 11.9% during the 3rd quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust’s stock worth $8,898,000 after purchasing an additional 11,752 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Boston Properties by 4.2% during the 3rd quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust’s stock worth $23,844,000 after purchasing an additional 12,018 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Boston Properties by 2.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 133,871 shares of the real estate investment trust’s stock worth $10,771,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Sun Life Financial Inc. purchased a new position in Boston Properties in the third quarter valued at $9,674,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Price Performance

Boston Properties stock opened at $70.91 on Monday. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The firm’s fifty day moving average is $73.82 and its 200 day moving average is $76.90. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 709.17, a PEG ratio of 0.95 and a beta of 1.18.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Sell-side analysts forecast that Boston Properties will post 6.91 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.39%.

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.