Boston Properties, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $82.08.

Several research analysts have recently weighed in on BXP shares. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Scotiabank dropped their target price on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Jefferies Financial Group dropped their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. 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. Finally, Mizuho reduced their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares of the company’s stock, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boston Properties

Institutional investors have recently added to or reduced their stakes in the company. Canada Post Corp Registered Pension Plan bought a new stake in shares of Boston Properties in the 4th quarter worth about $32,000. Harvest Fund Management Co. Ltd boosted its holdings in Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties during the 3rd quarter valued at approximately $58,000. Huntington National Bank raised its stake in Boston Properties by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 263 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in Boston Properties in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Price Performance

BXP opened at $63.91 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The firm has a market cap of $10.11 billion, a P/E ratio of 639.13, a PEG ratio of 0.91 and a beta of 1.19. The firm has a 50-day moving average of $70.62 and a 200 day moving average of $76.75. 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 announced its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, research analysts expect that Boston Properties will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.00%.

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.